Fore Coffee sold 1.88 billion shares at 188 rupiah each via the IPO, valuing the the company at 1.6 trillion rupiah. The ...

Indonesian coffee chain Fore said on Friday its initial public offering was more than 200 times oversubscribed, buoyed by a caffeine boom in Southeast Asia’s largest and most populous country.

Indonesian coffee chain Fore Coffee has announced an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) as part of its strategy to expand domestically and internationally.