Deals in brief: Fore Coffee’s IPO pops on debut, Accenture invests in GoUpscale, GXS Bank acquires Validus Capital, and more

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Deals in brief: Fore Coffee’s IPO pops on debut, Accenture invests in GoUpscale, GXS Bank acquires Validus Capital, and more - KrASIA

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The post Deals in brief: Fore Coffee’s IPO pops on debut, Accenture invests in GoUpscale, GXS Bank acquires Validus Capital, and more appeared first on KrASIA.

Fore Coffee, one of Indonesia’s rising coffee chains, made a splashy entrance on the Indonesia Stock Exchange, pulling in IDR 353.44 billion (USD 21 million) through an IPO that was oversubscribed by more than 200 times.

Investor enthusiasm drove the stock up roughly 34% on its first day, touching the exchange’s upper auto-reject limit.The company issued 1.88 billion new shares, accounting for just over a fifth of its expanded share base.