[PRNewswire] Kioson, the First Startup on the Indonesian Stock Exchange,
Recorded an Oversubscription of More than 10 Times
[편집자 주] 본고는 자료 제공사에서 제공한 것으로, 연합뉴스는 내용에 대해 어떠한 편집도 하지 않았음을 밝혀 드립니다.
(JAKARTA, Indonesia, Oct. 6, 2017 PRNewswire=연합뉴스) PT Kioson Komersial Indonesia Tbk. (Kioson [https://www.kioson.com/ ]), the first Online-to-Offline (O2O) Indonesian e-commerce company, officially lists its shares on the Indonesia Stock Exchange (IDX) today under the ticker code KIOS. It is the first startup to list on the IDX. Kioson stock was set at Rp 300 per share and managed to secure up to Rp 45 billion in funds. During the public offering period, Kioson recorded an oversubscription more than 10 times of the total number of shares offered.
Kioson President Director Jasin Halim said, "This IPO is important for the Indonesian capital market, as for the first time, retail investors can place their funds in a technology startup." Jasin also added, "This IPO is part of our strategy to bridge the digital gap for the underserved market and boost the penetration of digital services to second tier cities in Indonesia."
The digital gap among Indonesia's population of 250 million people is wide. Based on Indonesian Ministry of Information and Communication data (2015), only 8.7 million active online shoppers from the total 93.4 million internet users. The ratio of internet users in rural areas is still at 17.3 percent. "The largest opportunity is in the underserved market. There are three key issues for them to be online: Payment; Logistics; and Trust towards e-commerce. Kioson is an O2O platform that addresses those issues to make everyone transact online," said Jasin.
From the total funds raised through the IPO, as much as 78.95 percent will be used by Kioson to acquire PT Narindo Solusi Komunikasi. "This acquisition will strengthen our infrastructure through the assets owned by Narindo. Narindo that focuses on the e-voucher aggregator business will maintain the company's business from upstream, so we expect to support the Kioson bottom line," said Kioson Finance Director Setiawan Parikesit. Kioson services include: Digital services and Payment Point Online Bank (PPOB), financial services, and e-commerce services.
Started in 2015, Kioson has demonstrated excellent performance. As of April 30, 2017, the company's revenue has reached Rp 25.9 billion, soaring 445 percent from Rp 4.7 billion (YoY). This achievement was supported by at least 19,000 kiosk partners within 384 cities in Indonesia (Sept 2017). Kioson aims to raise the number of kiosk partners to 30,000 by the end of 2017 or 400 percent increase (YoY).
Media contact
Mr. Aziz Hasibuan
(+62)-811-191-9033
Source: Kioson
(끝)
<저작권자(c) 연합뉴스, 무단 전재-재배포 금지>
Recorded an Oversubscription of More than 10 Times
[편집자 주] 본고는 자료 제공사에서 제공한 것으로, 연합뉴스는 내용에 대해 어떠한 편집도 하지 않았음을 밝혀 드립니다.
(JAKARTA, Indonesia, Oct. 6, 2017 PRNewswire=연합뉴스) PT Kioson Komersial Indonesia Tbk. (Kioson [https://www.kioson.com/ ]), the first Online-to-Offline (O2O) Indonesian e-commerce company, officially lists its shares on the Indonesia Stock Exchange (IDX) today under the ticker code KIOS. It is the first startup to list on the IDX. Kioson stock was set at Rp 300 per share and managed to secure up to Rp 45 billion in funds. During the public offering period, Kioson recorded an oversubscription more than 10 times of the total number of shares offered.
Kioson President Director Jasin Halim said, "This IPO is important for the Indonesian capital market, as for the first time, retail investors can place their funds in a technology startup." Jasin also added, "This IPO is part of our strategy to bridge the digital gap for the underserved market and boost the penetration of digital services to second tier cities in Indonesia."
The digital gap among Indonesia's population of 250 million people is wide. Based on Indonesian Ministry of Information and Communication data (2015), only 8.7 million active online shoppers from the total 93.4 million internet users. The ratio of internet users in rural areas is still at 17.3 percent. "The largest opportunity is in the underserved market. There are three key issues for them to be online: Payment; Logistics; and Trust towards e-commerce. Kioson is an O2O platform that addresses those issues to make everyone transact online," said Jasin.
From the total funds raised through the IPO, as much as 78.95 percent will be used by Kioson to acquire PT Narindo Solusi Komunikasi. "This acquisition will strengthen our infrastructure through the assets owned by Narindo. Narindo that focuses on the e-voucher aggregator business will maintain the company's business from upstream, so we expect to support the Kioson bottom line," said Kioson Finance Director Setiawan Parikesit. Kioson services include: Digital services and Payment Point Online Bank (PPOB), financial services, and e-commerce services.
Started in 2015, Kioson has demonstrated excellent performance. As of April 30, 2017, the company's revenue has reached Rp 25.9 billion, soaring 445 percent from Rp 4.7 billion (YoY). This achievement was supported by at least 19,000 kiosk partners within 384 cities in Indonesia (Sept 2017). Kioson aims to raise the number of kiosk partners to 30,000 by the end of 2017 or 400 percent increase (YoY).
Media contact
Mr. Aziz Hasibuan
(+62)-811-191-9033
Source: Kioson
(끝)
<저작권자(c) 연합뉴스, 무단 전재-재배포 금지>
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