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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.
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