Financial Insights

A 10,000% Jump Makes Indonesia Data Firm World’s Top-Gaining IPO

A cloud data service provider partly owned by an Indonesian tycoon has delivered the worlds best-performing initial public offering this year, jumping more than 100 fold since its share float in January.

Partially owned by Indonesian tycoon cloud data service provider, this year created the world’s highest performing IPO, which has grown more than 100 times since its launch in January.

New Delhi: A partially owned cloud data service provider from Indonesia’s tycoon has performed the world’s highest performing IPO more than 100 times since its launch in January this year. PT DCI Indonesia has increased by 10.852% since it was estimated at IDR 150 billion ($ 10.5 million) on January 6. This makes the company the top winner in the Indonesian stock market and the second largest contributor to the 12% rise in the Jakarta Composite Index this year.

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