Asia/Pacific

GARUDA INDONESIA SHARES FALL 20% ON DEBUT – NO SURPRISE

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GARUDA INDONESIA SHARES FALL 20% ON DEBUT – NO SURPRISE

Shares of Garuda Indonesia, the country's national airline, have fallen more than 20% on their market debut today. Garuda shares were trading at close to 600 rupiah on the Indonesia Stock Exchange as I write, down from their 750 rupiah listing price. Analysts said the listing price was too high...

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