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View all search resultsGSM, officially known as Green and Smart Mobility JSC, is targeting a valuation of US$2 billion to $3 billion in the initial public offering that could take place in late 2026 to early 2027, two sources said.
The Elon Musk-led company's move towards a public listing, which could rank among the largest global initial public offerings, has been largely driven by the rapid expansion of SpaceX's Starlink satellite internet business.
The private bank appears to be planning an IPO slated for an IDX listing on Dec. 11, according to what appears to be a leaked prospectus circulating on social media but has not been verified to date, setting it on course to potentially become a “lighthouse company".
Indonesia Stock Exchange (IDX) has revised its initial public offering (IPO) target for this year, slashing the number of companies to be newly listed from 66 to 45, as it seeks to focus on bringing quality issuers to the market.
Indonesia needs coordinated systematic reform to transform its capital markets from a collection of well-intentioned programs into an ecosystem that can facilitate enterprises’ journey from early stage ventures into sustainable public companies.
Regional association REI Jakarta has suggested property developers launch IPOs to raise fund's for the government's ambitious social housing program, calling the potential move a way for developers to increase their competitiveness as well as engage more substantially with the sector.
The company plans to allocate approximately 85 percent of the IPO proceeds toward operational expenditures of its subsidiary Crypto Futures Exchange (CFX). The remaining 15 percent will be channeled to its depository subsidiary PT Kustodian Koin Indonesia (ICC) for similar purposes.
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