DSA Summit: Much optimism for Indonesia’s first startup IPO Kioson

Photo: Kioson’s Facebook page

Indonesia’s O2O e-commerce service Kioson’s IPO is likely to be oversubscribed as there is much optimism in the market, managing partner of Skystar Capital, Abraham Hidayat, told audience at DEALSTREETASIA’s Asia PE/VC Summit in Singapore last week.

Kioson will be the first Indonesian startup to go public, and will be the first from its industry to list on IDX. Kioson plans to raise Rp 42 billion ($3.4 million) from offering up to 150 million shares – equivalent to 23.07 per cent of the enlarged paid capital – at Rp 280 ($0.02) apiece.

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