JAKARTA - WGS Hub or PT Wira Global Solusi Tbk, the first start-up manufacturer (Venture Builder) listed on the Indonesia Stock Exchange (IDX), was oversubscribed 19 times from the pooling quota at the close of the offering period on Thursday, December 2, 2021. WGS Hub is a start-up venture builder that houses Techpolitan. WGS Hub has been running an Initial Public Offering (IPO) with the ticker symbol or code WGSH from 30 November to 2 December 2021.
WGS Hub appointed PT. Shinhan Sekuritas Indonesia to act as the sole underwriter for the issuance of shares. The company released 208,5000 shares at an offering price of Rp140 per share. According to the plan, the proceeds from the IPO will be used for the company's working capital.
On the same occasion the President Director of WGS Hub, Edwin Pramana added “As a venture builder or what is commonly called a start-up factory, we have an advantage because we have a technology and financial ecosystem that is able to accelerate the process from an idea to a minimum viable product (MVP) and become a scalable business.”
Digital Hub is Sinar Mas Land's innovation in responding to the needs of the community in the digital technology era for areas that have technological infrastructure, complete facilities, and are strategically located and have multiple accesses. Located in the BSD City area, Digital Hub was built on an area of 25.86 hectares in 2016.
This area is dedicated as Silicon Valley Indonesia, dedicated specifically to support the daily operations and activities of technology and digital companies, from start-up companies, technology leaders, to educational institutions engaged in IT science. A number of leading technology companies from home to abroad are already in the ecosystem, such as Traveloka, SIRCLO, Apple Developer Academy, AWS Academy Techpolitan, WGS Hub, NTT, JUNIPER Networks, to Bizzy. (LM)