SHARES OF INDONESIAN ARM MR.DIY, DAYA INTIGUNA YASA, DOWN 24.8% TO 1,240 RUPIAH PER SHARE IN MARKET DEBUT
JAKARTA/SINGAPORE, Dec 19 (Reuters) -The Indonesian arm of Malaysia-based home improvement retailer Mr DIY Group MRDI.KL slumped in its stock market debut on Thursday after raising 4.16 trillion rupiah ($257.6 million) in the country's biggest listing in more than a year.
Shares of Daya Intiguna Yasa MDIY.JK, the sister company of Mr DIY, opened at 1,550 rupiah, 6% lower than its initial public offering price of 1,650 rupiah a share, before sliding as much as 24.8% to 1,240 rupiah on the Jakarta stock exchange.
($1 = 16,150.0000 rupiah)
Reporting by Stefanno Sulaiman in Jakarta and Yantoultra Ngui in Singapore; Editing by Jacqueline Wong
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