Bisnis.com, JAKARTA – Disappointment surfaced from retail investors in the IPO series which was held in early December 2021. The disappointment was expressed in telegram groups discussing stocks, social media Twitter and Instagram.
Disappointment was conveyed about the phenomenon of IPO share prices which immediately fell after recording on the first day. The so-called IPO only aims to absorb retail investors’ money.
As an illustration, in the IPO of seven issuers per December 8, 2021, most of their share prices moved away from the IPO implementation price to the public, aka the red zone.
In today’s IPO, Wednesday, (12/8/2021), two jumbo issuers released their shares to the public, namely PT Avia Avian Tbk. (AVIA) and PT OBM Drilchem Tbk (OBMD). Avia sold its shares at a price of IDR 930, while OBMD was at IDR 180.
However, the debutant issuer immediately experienced selling pressure so that it closed the day at the lower auto rejection level (ARB) or fell by almost 7 percent. Avian fell to a level of Rp.865, while OBMD to a level of Rp.168. This level is the lowest point of weakness in stock prices allowed by the regulator on a daily basis.
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