JAKARTA (Yosefardi) – Shares of PT Multipolar Technology, controlled by PT Multipolar Tbk (MLPL), gained 50% to Rp720 in thid morning trade.
At this price, the company has market capitalization of Rp1.35 trillion. The company offered 375 million shares through the initial public offering (IPO), representing 20% of its total issued and paid-up capital, priced at Rp480 per share.
MLPT allocates US$100 million fund for developing new data center placed in Cikarang, through its unit PT Visionet International, to support the existing data center, located in Karawaci.
The company targets to book revenue of Rp1.6 trillion this year, a 20% rise compared to Rp1.33 trillion in 2012. While net profit is expected to reach Rp58.5 billion.