JAKARTA (Yosefardi) – Shares of PT Link Net Tbk (LINK) gained 50% to Rp2,400 per share on its trading debut this morning (June 2) with Rp660.95 billion total value during first 30 minutes of trading.
While composite index of the Indonesia Stock Exchange (IDX) declined 0.26% to 4881 at 9.24 am Jakarta time.
Link Net, controlled by Lippo Group, offered 304 million shares at Rp1,600 per share in the initial public offering (IPO), to raise Rp486.8 billion.
Link Net has total assets of Rp3.23 trillion and equity of Rp2.52 trillion as at December 31, 2013. It booked net profit of Rp362 billion in 2013 on revenues of Rp1.66 trillion.
In 2012, it booked net profit of Rp339 billion and revenues of Rp1.3 trillion. Its liability totaled Rp706 billion as at December 2013.