JAKARTA: The share prices of PT Bank Sinarmas Tbk were opened up 20% to IDR180 from the offering price at IDR150.In the first trading today, the shares of Bank Sinarmas moved within the range of IDR180-IDR250.The BSIM-coded shares are listed as the 22th company holding initial public offering (IPO) this year.Referring the offering price, Sinarmas is estimated to raise IDR240 billion from releasing 1.6 billion shares. Meanwhile, its market capitalization value is expected to be IDR1.08 trillion.PT Sinarmas Sekuritas acted as the IPOs underwriter. (T01/NOM)
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