Indonesian employee benefit platform Venteny lines up $27m IPO

Indonesian employee benefit platform Venteny lines up $27m IPO

Close on the heels of churning out a profit, Indogen Capital-backed employee benefit and fintech solutions company PT Venteny Fortuna International (Venteny) is targeting to raise 423 billion rupiah ($27 million) in a domestic initial public offering (IPO).

According to a prospectus published on Monday, the Indonesian startup plans to release 939 million shares, or a 15% stake, in the company at 350-450 rupiah apiece. 

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter