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In December 2021, it was reported that GoTo had hired banks to help it raise around US$1 billion from an initial public offering (IPO) in Indonesia. [27] In March 2022, GoTo announced that it would list on the Indonesia Stock Exchange the following month, expecting to issue 52 million shares, and raise at least US$1.1 billion from the IPO. [28]
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors [1] and usually also to retail (individual) investors. [2] An IPO is typically underwritten by one or more investment banks , who also arrange for the shares to be listed on one or more stock exchanges .
The bank underwent a corporate restructure in 2003, which was followed by an initial public offering (IPO) in 2009 that led to the listing of Bank BTN on the Indonesia Stock Exchange. [7] The IPO was ranked as Indonesia's largest IPO as of 2009. [8]
A public offering is the offering of securities of a company or a similar corporation to the public. Generally, the securities are to be publicly listed. In most jurisdictions, a public offering requires the issuing company to publish a prospectus detailing the terms and rights attached to the offered security, as well as information on the company itself and its finances.
The agency, which managed the electricity and gas, then dissolved on 1 January 1965. At the same time, two state-owned companies were established: Perusahaan Listrik Negara (PLN) to manage the electricity sector and Perusahaan Gas Negara (PGN) to manage the natural gas sector. PGN was officially established on 13 May 1965.
Blibli became Indonesia's third unicorn startup [4] through its initial public offering on the Indonesia Stock Exchange in late 2022. [5] At 7.99 trillion rupiah (US$509.2 million), the listing was the second-largest of the year after GoTo in April.
On 11 December 2015, Kino listed its shares on the Indonesia Stock Exchange through an initial public offering at the price of Rp 3.800 per share, after being planned since September 2011. [7] [8] In May 2016, Kino entered the herbal medication industry through an acquisition of Surya Herbal, the owner of Dua Putri Dewi brand, for Rp 29 billion ...
In June 1989, Bank Niaga made an initial public offering (IPO) to be listed on the Indonesian Stock Exchange. The shares were over-subscribed by four times the issued shares at 20.9 million shares. In 1991, Bank Niaga became the first bank to provide online banking facilities in Indonesia. [2]