JAKARTA – PT Asuransi Digital Bersama Tbk (YOII) is offering 412.09 million shares to the public through an Initial Public Offering (IPO), with the stock price set at the lower limit of Rp100 per share.

Previously, during the book-building period, YOII had targeted the IPO price in the range of Rp100-110 per share. By setting the price at Rp100 per share, YOII aims to raise up to Rp41.21 billion from this corporate action.

As a digital insurance company, YOII plans to allocate 20% of the IPO proceeds to developing its applications (including data centres, web hosting, and system security) and human resources. Meanwhile, 80% of the funds will be directed towards marketing activities.

YOII is currently offering its shares to the public until January 6, with the share distribution scheduled for January 7, and the official listing on January 8, 2025.

In addition to YOII, PT Kentanix Supra International Tbk (KSIX) and PT Raharja Energi Cepu Tbk (RATU) will also list their debut shares on Wednesday, January 8, 2025.

According to data from IDNFinancials, the Indonesia Stock Exchange (IDX) is targeting 66 companies to list themselves on the board this year. As of early January (3/1), eight companies are reported to be in line to enter Indonesia's stock market. (ZH)