Cashlez Worldwide Indonesia (Cashlez), which provides a mobile point-of-sale service, is planning to raise 100 billion rupiah ($6.6 million) in an initial public offering (IPO) to acquire an IT solution provider.
The startup, which is backed by VC firm Mandiri Sekuritas, will sell 300 million shares equivalent to 20.29 per cent of its enlarged capital at 298-300 rupiah apiece.
