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Adaro Andalan Indonesia's IPO Raises $271 Million Amidst High Coal Demand
Adaro Andalan Indonesia, a coal mining company backed by Indonesian billionaire Garibaldi Thohir, raised $271 million in its IPO, seeing its shares surge 20% on its trading debut on the Jakarta Stock Exchange on Thursday, driven by high demand for thermal coal in Asia and plans to diversify into ren...
Adaro Andalan Indonesia's IPO Raises $271 Million Amidst High Coal Demand
Adaro Andalan Indonesia, a coal mining company backed by Indonesian billionaire Garibaldi Thohir, raised $271 million in its IPO, seeing its shares surge 20% on its trading debut on the Jakarta Stock Exchange on Thursday, driven by high demand for thermal coal in Asia and plans to diversify into ren...
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