Oct 7, 2010

Indofood CBP up 13% on trading debut

PT Indofood CBP Sukses Makmur Tbk (ICBP), producer of instant noodle and foods seasoning, today jumps 13.07% to Rp6,100 per share from the IPO level of Rp5,395.
ICBP has determined the IPO price at Rp5,395 per share. Referring to the price, Indofood CBP enables to snap up Rp6.31 trillion cash from the primary market.
In the IPO, Indofood CBP will release 1,17 billion shares and assisted by four emission underwriters, i.e. PT Kim Eng Securities, PT Credit Suisse Securities Indonesia, PT Deutsche Securities Indonesia, and PT Mandiri Sekuritas.

Disclosure: No position at the stock mentioned above.

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