JAKARTA. PT Golden Westindo Arta Jaya Tbk (GWAA) announced the postponement of its initial public offering (IPO), which is initially scheduled from September 27 to October 1, 2024.

Prior to this, GWAA had conducted the book building on September 10-18, 2024. In this stage, the number of shares offered by GWAA is 685.71 million shares, or equal to 30% of total issued and paid-up capital post-IPO.

Those shares will then be offered with a price ranging from IDR 100 to IDR 120 per share. Assuming that the offering price is set to the upper limit, of IDR 120 per share, GWAA potentially rakes in IDR 82.28 billion of fresh funds from IPO.

Until now, there have been no official statements made regarding IPO cancellation from GWAA.

According to IDNFinancials data, aside from GWAA, there are 2 other issuers queuing in the IPO pipeline in Indonesia Stock Exchange (IDX), namely PT Master Print Tbk (PTMR) and PT Verona Indah Pictures Tbk (VERN). (KR/ZH)