Jul 7, 2010

SkyBee gains 49.33% on first debut

Two new comers in Indonesia stock market, PT SkyBee Tbk (SKYB) and PT Golden Retailindo Tbk (GOLD), have risen nearly 50% on the first trading debut today.
SkyBee, which set the IPO price at Rp375 per share, today has made a 49.33% or Rp185 jump on its debut to Rp560 per share.
Golden Retailindo, set at the IPO price at Rp350, has been able to provide a 48.57% or Rp170 gain to public share holders at the closing price of Rp520 per share.   
Mobile phone content provider SkyBee Tbk has set price of initial public offering (IPO) at Rp375 per share. Considering the IPO price, SkyBee will bag Rp88.12 billion of cash from the primary market.
SkyBee will offload 235 million of new shares or 40.17% into the market during the IPO. Post IPO, PT Syailendra Capital will control 59.83% stakes of SkyBee, Ian Rustandi holds 0.0004, and public share holders will own the remaining.
SkyBee IPO has obtained an effective confirmation from Capital Market Supervisory Agency (Bapepam-LK) on June 29 2010. SkyBee's lead underwriter PT Lautandhana Securindo will underwrite Rp87.21 billion or 98.96%

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