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Pool Advista Finance sets IPO price at Rp 135 per share

09 November 2018 04:25 PM  Company: PT. Pool Advista Indonesia Tbk[POOL]
Rp. 5,825  +250 (4.48%)

JAKARTA - PT Pool Advista Finance Tbk (POOL) is preparing to list its stock on the Indonesia Stock Exchange (IDX) by releasing as many as 800 million new shares or 23.92% of the issued and paid-up shares. The company's shares will be released at an offering price of Rp 135 per share.

This finance company is aiming for funding of Rp 108 billion. Artha Sekuritas Indonesia will act as the underwriter of the emissions from the corporate action.

As reported by Kontan.co.id, 50% of the IPO funds will be used for investment in the company's infrastructure development and the remainder will be used by affiliated companies as working capital.

POOL stock will be officially listed on the IDX on November 16, 2018. (MS)