Bisnis.com, JAKARTA – Retail investors are happy after PT Kedoya Adyaraya Tbk. officially listed its shares on the Indonesia Stock Exchange today, Wednesday (8/9/2021).
How come, in less than 10 minutes of trading, the hospital issuer stock with the RSGK ticker has touched the daily stock price increase or auto rejection top (ARA).
The hospital management company controlled by Hungkang Sutedja, son of conglomerate The Ning King, jumped from the IPO price at the level of Rp. 1,720 per share to Rp. 2,150, or a 25 percent jump. The limit of the highest increase of shares on a daily basis. Its market capitalization has reached IDR 2 trillion.
The surge in RSGK’s share price also ensures that the company, which is 40 percent owned by Hungkang through Medikatama Sejahtera (40 percent) has received fresh funds from the IPO amounting to Rp319.8 billion.
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