JAKARTA (Yosefardi) – Shares of insurance firm PT Asuransi Mitra Maparya (ASMI) Tbk soared 50% in its trading debut on Indonesia Stock Exchange (IDX) Thursday (Jan 16).
The insurance firm offered 402 million shares at Rp270 per share in the initial public offering arranged by Kresna Graha Sekurindo.
Mitra Maparya raised Rp108.75 billion from the IPO with 822 participating investors.
The insurance company generated net profit of Rp3.16 billion in the first half ended June 30, 2013.