Exclusive: Kresna-backed M Cash Integrasi eyes year-end IPO

Exclusive: Kresna-backed M Cash Integrasi eyes year-end IPO

Photo: Bloomberg

M Cash Integrasi (MCI), a digital kiosk firm backed by Kresna Graha Investama, plans to raise up to Rp250 billion ($18.7 million) through a year-end IPO, a Kresna director told DEALSTREETASIA.

The public offering will see MCI releasing new shares equivalent to 20 per cent of its enlarged capital. Based on the share sale, the valuation of the company can be pegged at about $93.5 million.

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