Indonesian Clean Energy Firm Barito Renewables Shares Surge 25% in Strong IPO Debut
- Indonesian geothermal operator Barito Renewables raised $200M in an IPO
- Shares jumped 25% on debut after IPO priced at top of range
- IPO tested investor appetite for clean power sector
- Barito Renewables is a subsidiary of Indonesian energy group Barito Pacific
- Shares rose to 975 rupiah each, up from IPO price of 780 rupiah