PT Waskita Beton Precast Tbk, a company that recorded the largest number of initial public offerings (IPOs) on the Indonesia Stock Exchange (IDX) in 2016. IDX trading data shows that the company's stock, traded under the code WSBP, recorded 26.36 billion shares, surpassing all other companies that conducted IPOs throughout 2016.
On September 29, 2016, the price of Waskita Beton Precast shares was Rp 520 per share, resulting in a market capitalization of Rp 13.71 trillion. The shares, which were newly listed on the Jakarta Stock Exchange on September 20, 2016, were listed on the development board.
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