JAKARTA - Travel planner startup Pigijo will be officially listed on the Indonesia Stock Exchange (IDX) on January 8, 2020.
According to an early prospectus, PT Tourindo Guide Indonesia as the owner of the Pigijo app will offer as many as 150 million new shares or 48.98% of its placed and paid-up capital with a nominal value of Rp 80 per share in its IPO.
With an offering price of Rp 80 per share, the company can potentially collect Rp 12 billion in IPO proceeds. Excluding issuance costs, the proceeds will be used as working capital to support the company’s operational activities.
The bookbuilding period is going on from January 2-3, 2020. PT Surya Fajar Sekuritas has been appointed as an underwriter in the corporate action. (MS)