Indonesian shipping firm Soechi Lines shares jump 27 percent on debut
By: Reuters | Dec 02 2014 at 09:17 PM | Liner Shipping
Shares of Indonesian shipping company PT Soechi Lines Tbk <IPO-SOCL.JK> rose as much as 27 percent on their trading debut on the Indonesia Stock Exchange on Wednesday.
The stock rose to as high as 700 rupiah ($0.0569), above their initial public offering price of 550 rupiah.
The company raised about 582.5 billion rupiah via the IPO.