Adaro Andalan, backed by billionaire Garibaldi Thohir, soars 20% on debut in Jakarta
Port coal loading and unloading Getty Shares of Adaro Andalan Indonesia, a coal mining company backed by Indonesian billionaire Garibaldi Thohir, surged 20% in their first trade on the Jakarta Stock Exchange as demand for Indonesian IPOs picked up. The company, which supplies thermal coal used in power generation, raised 4.3 trillion rupees ($271
