EVEN though it wasn’t even 7pm, Joko was already really tired out. On Tuesday two weeks ago, he had to lead no less than 500 people on a special mission: to buy shares in PT Adaro Energy Tbk that were to be sold in the parking area of Semanggi Expo, Jakarta. Other buyers were already lined up in front of his group.

On that day, the holding company of coal mining company PT Adaro Indonesia was going public. This initial public offering (IPO) wa