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Stock impact report

Indonesia's Digital Bank Frenzy: Super Bank Skyrockets 24% in One of Year's Hottest IPOs [Yahoo! Finance]

Grab Holdings Limited (GRAB) 
Company Research Source: Yahoo! Finance
The digital lender jumped 24% to its daily trading limit on its first day, changing hands at 790 rupiah after pricing its initial public offering at 635 rupiah. The transaction raised 2.8 trillion rupiah, or about $168 million, through the sale of roughly a 13% stake, making it Indonesia's second-largest IPO this year. The deal was reported to be oversubscribed by more than 300 times, with orders exceeding one million, a response that may suggest investors were positioning early for exposure to the country's digital banking theme. Warning! GuruFocus has detected 3 Warning Signs with GRAB. Is GRAB fairly valued? Test your thesis with our free DCF calculator. The strong debut unfolded against a supportive backdrop for local equities, where domestic demand has helped lift the benchmark index by about 20% this year and toward multiple record highs in recent months. Recent heavyweight listings such as PT Merdeka Gold Resources and PT Chandra Daya Investasi have also hit daily trading Show less Read more
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