BREN Tops the Renewable Energy Sector on the Stock Exchange
The number of shares offered in an IPO is only 3 percent of the issued business capital. Thus, BREN's market capitalization reached IDR 130.4 trillion with the majority of shares held by Barito Pacific.
The following article was translated using both Microsoft Azure Open AI and Google Translation AI. The original article can be found in BREN Rajai Sektor Energi Terbarukan di Bursa
JAKARTA, KOMPAS — PT Barito Renewables Energy Tbk was officially listed on the Indonesian Stock Exchange with the issuer code BREN, Monday (9/10/2023). This company, which produces electricity from geothermal energy, experienced excess supply after scoring the largest capitalization on the stock exchange for the renewable energy sector during its initial public offering.