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Indonesian coffee chain Fore Coffee's IPO drew 114,873 investors, oversubscribed 200 times, set to debut April 12.
Indonesian coffee chain Fore Coffee's IPO was oversubscribed by 200 times, attracting 114,873 investors.
The company will debut on the Indonesia Stock Exchange on April 12 at an IPO price of 188 rupiah per share.
Fore plans to expand by opening 140 new shops over the next two years, aiming for a 40-50% revenue growth in 2025.
The company saw a 135.4% sales increase and a net profit of 42.38 billion rupiah in the first nine months of 2024.
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La cadena de café indonesia Fore Coffee atrajo a 114.873 inversores, sobresuscritos 200 veces, listos para debutar el 12 de abril.