Initial Public Offering
On July 16, 2008, 31,985,962,000 shares in AE were publicly listed on the Indonesian Stock Exchange (IDX), with ticker code ADRO. Thirty five percent of those (11,139,331,000 shares) marketed in an Initial Public Offering (IPO). The IPO raised Rp12.2 trillion, the largest IPO in the history of the IDX until now. The net proceeds from the IPO were spent as of May 29, 2009 and was reported to the shareholders during the AGMS on June 3, 2009.
ADRO in 2016
ADRO performed well during 2016, as the price increased along with the increase of the global coal price. Milestones reached by the company in 2016, such as Financing Close of two power plant projects, BPI and TPI, as well as the full acquisition of IndoMet Coal Project, also supported the increasing of ADRO share price. It opened at Rp494 at the beginning of 2016, and increased 230% to Rp1,695 at the end of 2016. ADRO price reached its highest of Rp1,730 on December 5, 2016, and reached its lowest of Rp437 on January 20, 2016. At the end of 2016, total trading volume reached 27 billion. Average daily turnover and market capitalization reached US$4.3 million and US$4 billion, respectively.