JAKARTA. PT Lini Imaji Kreasi Ekosistem Tbk (FUTR), a technology and creative content production company, has set the offering price in its initial public offering (IPO) to IDR 100 per share.

The price is at the lowest of the price range announced during the book building, which went from IDR 100 to IDR 120 per share. With this price on hand, the company will potentially secure fresh funds of IDR 127.8 billion.

In the official statement received by IDNFinancials, FUTR is known to utilise approximately 7% of IPO proceeds to promote the activities of Gudang Kreativ ecosystem. Then, most of them, around 93%, will be used as its own working capital.

The main public offering of FUTR’s shares is set to take place from February 21 to 23, 2023. Then, the distribution of those shares will follow the next day, on February 24, 2023, before finally being listed on Indonesia Stock Exchange (IDX) on February 27, 2023.

In this IPO FUTR has assigned PT Indo Capital Sekuritas and PT KGI Sekuritas as the lead underwriter, as well as the underwriter.

For the record, the number of shares issued by FUTR in IPO clocks up to 1.28 billion shares, which were equal to 20% of the issued and paid-up capital of FUTR post IPO. Each share has a face value of IDR 10. (KR/ZH)