Indonesian fintech firm Achiko eyes Swiss exchange IPO

The Semanggi Interchange stands in front of buildings in the business district in this aerial photograph taken in Jakarta, Indonesia, on Sunday, Aug. 13, 2017. Photographer: Dimas Ardian/Bloomberg

Indonesian fintech firm Achiko is planning to submit an application for a direct listing on the SIX Swiss Exchange, Switzerland’s principal stock exchange, the company announced in a statement.

The company says it plans to list 100 million shares. While it did not disclose its expected share price for the listing, the company said its last round of financing was at a $0.70 per share.

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