Indonesian shipping firm's stock surged 3,100% in 4 months
Shares of Indonesian shipping services company Pelayaran Tamarin Samudra have surged nearly 3,100% in just four months. Pelayaran sold 750 million shares in its IPO at 110 rupiah each, which is now trading at around 3,510 rupiah. Notably, Pelarayan is the top gainer among Indonesia's 559 stocks this year and is valued at about $1 billion.