DCI’s stellar performance is another example of the frenzied trading in Indonesian technology stocks this year.
JAKARTA (Bloomberg): A cloud data service provider partly owned by an Indonesian tycoon has delivered the world’s best-performing initial public offering this year, jumping more than 100 fold since its share float in January.
PT DCI Indonesia has soared 10,852% since its 150 billion rupiah (US$10.5 million) listing on Jan 6. That makes the firm the top gainer in Indonesia’s stock market and the second-biggest contributor to the Jakarta Composite Index’s 12% gain this year.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
