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Cashlez to release 250 million shares via IPO

27 April 2020 15:11

JAKARTA - PT Cashlez Worldwide will release 250 million shares in its initial public offering (IPO) scheduled for May 4, 2020.

The offering price in the IPO was set at Rp 350 per share, thus Cashlez would be able to reap fresh funds of up to Rp 87.5 billion. For information, Cashlez appointed PT Sinarmas Sekuritas as IPO underwriter.

As reported by Bisnis, Cashlez will also issue series I warrants totaling 250 million along with the new shares or equal to 21.22% of the total issued and fully paid shares.

The public offering period will take place on April 27, 2020 and shares and warrants listing on the IDX will be conducted on May 4, 2020. (LM)

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