JAKARTA (Yosefardi) – Shares of PT Victoria Investama surged 68% to Rp210 per share his morning trade, compared to its IPO price of Rp125 per share.
At Rp210 per share, the company’s market capitalization reaches Rp1.54 trillion.
VICO is parent company of PT Victoria Securities Indonesia, PT Victoria Insurance, and PT Victoria Management, controlled by Suzanna Tanojo (Victoria Group).
The company generated net profit of Rp96.7 billion in 2012 on revenues of only 54 billion.