Shares of Dyandra, Kompas Gramedia’s exhibition and event arm, jump on debut
(Insider Stories)-PT Dyandra Media International (DYAN), the exhibition and events arm of media conglomerate PT Kompas Gramedia, on Monday began its debut trading at the Indonesia Stock Exchange.
Dyandra’s shares, traded under the code of DYAN, jumped 15.7% to 405 rupiah a share from the initial public offering price of IDR350. Dyandra was the seventh company that list its shares at the IDX this year.
The company focuses on the business of Meeting, Incentive, Convention and Exhibition (MICE).
In the offering of the shares that took place on March 15, 18 and 19, Dyandra sold 1.28 billion shares at IDR350 each.
The company raised IDR448.7 billion from the share sale. Around 55% of DYAN shares were sold to the local investors and about 45% to foreign investors.
