Shinhan Securities handles listing of private hospital in Indonesia

Shinhan Investment & Securities announced on Thursday that its local subsidiary in Indonesia has organized the listing of private hospital RSCH (PT Charlie Hospital Semarang) on the Indonesia Stock Exchange (IDX).

RSCH completed its initial public offering (IPO) at an offering price of IDR 115 per share, raising IDR 60.9 billion ($4.1 million).

On the day of the listing, RSCH's share price rose as much as 35% in intraday trading.

"We have successfully led eight IPOs in Indonesia this year and will continue to grow our presence in the IB market," said Lee Yong-hoon, head of Indonesia at Shinhan Investment & Securities.

Write to Byeong-hun Yang at hun@hankyung.com