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Soechi docks for $173m listing as Indo market hit
Indonesia’s Soechi Lines, part of ship operator Soechi Group, is braving volatile markets to open books for a Rph2.1tr ($173m) IPO on the domestic stock exchange, hitting investors at a time when the Jakarta Stock Exchange Composite Index has fallen some 1.3% during the month.
The fall was even worse in the middle of October, when the index slipped by nearly 4.5% to touch a low of 4,913.05. But it has recovered slowly since then, and was trading at 5,074.1 at the time of writing on October 30.
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