Published on 20/02/2025 GMT+7 Reading time 2 minutes
East Ventures, a capital company, announced that one of its portfolio companies will be listed on the Indonesia Stock Exchange (IDX).
Willson Cuaca, Co-Founder and Managing Partner of East Ventures, said the emission value of the initial public offering (IPO) being prepared is quite large.
"Soon (IPO) just wait, (the value) is more than Rp1 trillion," Willson said as quoted by Katadata.co.id, on Wednesday, February 19, 2025.
He, however, did not mention which sectors and companies that would be listed on the IDX.
Previously, several companies that are part of the East Ventures portfolio were also said to be listed on the IDX, such as Fore Coffee and Sociolla.
On Tuesday, January 7, 2025, East Ventures together with the Board of Directors of East Ventures and Fore Coffee visited the IDX.
From East Ventures were Willson Cuaca; Roderick Purwana, Managing Partner at East Ventures; and Melisa Irene, Partner at East Ventures.
The Fore Coffee board of directors includes Vico Lomar, CEO of Fore Coffee; Matthew Ardian, Chief Marketing Officer of Fore Coffee. The board is accompanied by Oki Ramadhana, President Director of PT Mandiri Sekuritas.
Willson revealed that at that time, East Ventures' visit accompanied by Fore Coffee to the IDX was only to discuss the general stock conditions related to startups.
He, however, emphasized that regarding the Fore Coffee, East Centure is always considering various options to conduct an initial public offering of shares through an IPO.
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