FUTR Incar Dana Segar Rp153 Miliar Dari IPO
JAKARTA - PT Lini Imaji Kreasi Ecosystem Tbk or FuturPhuture ( FUTR) plans to raise fresh funds through the Initial Public Offering (IPO).
The company will offer 20 percent of the total shares to be listed, which is 1.27 billion shares with a price range of IDR 100-120 per share. The target value of IPO fundraising is a maximum of IDR 153 billion.
At the same time, the Company will also receive a maximum of 1.02 billion Warans in which every five-share holder offered is entitled to four Series I. FUTR Wars, a technology company that helps businesses from various companies increase revenue and profit. This is achieved by providing accurate data analysis for the company's best decision-making, leveraging up-to-date technology for effective digital advertising, and improving digital assets through the development of various software applications with more than 200 million user engagements from more than 25 million user bases.
The company ( FUTR) also took the initiative to build a "Creativ Group" that seeks to support creative people in various locations in Indonesia through a creative training center network. International and local companies can access trained and experienced creative people to meet their needs, including design, coding, multimedia, digital marketing, animation, and live streaming e-commerce expertise.
FUTR operates since 2021 and posted a net profit of IDR 8.6 billion as of August 2022. The company focuses on developing the use of Mixed Reality, AI, Web 3.0, Metaverse, and Decentralized Economics to continue to innovate and create new technology services to take advantage of market opportunities in the future. Through the IPO process, FUTR seeks to obtain additional fresh funds to maintain and advance its operations in Asia Pacific. FUTR is optimistic that it can expand the client base for company services not only domestically but also in the Asia Pacific region. Currently, FUTR has clients located in Singapore and Malaysia, and will expand to Thailand, the Philippines, Vietnam, and Hong Kong in the next 24 months. With digital economy and creative industry growth in Indonesia expected to reach IDR 4,608 trillion by 2030, FUTR believes to have the strong base capital much needed to drive and participate in developing the digital economy in Southeast Asia where Bloomberg is estimated to reach 1 trillion US dollars in the next seven years.
More importantly, according to McKinsey, this relatively young and highly educated digital population will reach a third of Asia's consumption in the next decade.
FUTR's President Director, Jeremy Quek said, the company's team consists of experts in experienced technology, data management professionals, and dynamic combinations between creative veterans and technology-savvy Gen Z individuals.
"We continue to make ongoing efforts to stay ahead and integrate up-to-date technologies such as AI, Decentralized Economics, Web 3, and Metaverse, which will help our clients maintain and develop their business. With clear vision and strategy, we are on track to reach the forefront of the Asia-Pacific region in the next two years," Jeremy said in a written statement, Tuesday, January 31.