Officially Listed On The Exchange, FUTR Ready To Accelerate Data-Based Future Solutions In Asia Pacific

JAKARTA - PT Lini Imaji Kreasi Ekosistem Tbk (FuturPhuture) officially listed its shares on the Indonesia Stock Exchange with the stock code FUTR. The company offers 20 percent of the total shares listed to the public, which is 1.27 billion shares with an offering price of IDR 100 per share.

The value of IPO fundraising reached IDR 127.8 billion. Simultaneously, the Company also issued a Waran in which each five-share holder offered is entitled to four Series I Warrants.

FUTR is a technology company that helps businesses from various companies increase revenue and profit. FUTR has been operating since 2021 and focuses on developing the use of Mixed Reality, AI, Web 3.0, Metaverse, and Decentralized Economics to continue innovating and creating new technology services to take advantage of market opportunities in the future.

The company has sufficient readiness to face future business challenges in the midst of a very fast-moving digital ecosystem. The level of competence and capabilities of FUTR in the field of social commerce technology and immersive technology' as well as experienced and specializing professionals in the analysis of big data and cyber governance, also supports the company's growth in line with the increasing digital economy.

IPO FUTR has succeeded in attracting the interest of various foreign and domestic investors to participate in the initial public offering. The Company's Initial Public Offering experienced an oversubscribed with a total shareholder of more than 18 thousand investors. This indicates the enthusiasm and optimism of Indonesian capital market investors towards the future of the Company's business.

Through this IPO process, FUTR seeks to maintain and advance its operations in Asia Pacific. Currently, the Company has business operations in Indonesia, Malaysia and Singapore. The company is optimistic about the implementation of business operations in Thailand, the Philippines, Vietnam, and Hong Kong in the next 2 years.

With more than 200 million user engagements from more than 25 million user bases as well as global strategic partner networks, FUTR can assist clients in improving their business performance by adapting global standards to local apps. FUTR's ability to offer comprehensive solutions at an efficient cost in Asia Pacific is able to generate improved output quality, operational productivity, and increased Return on Investment (ROI) for clients while at the same time encouraging the Company's profitability

Most of the IPO funds will be used as working capital to support the development of the Company's business. The utilization of these funds will be used for the Development of Platforms and Products, Research Development and Analysis of data, Human Resources Development, Marketing Strengthening. and other operational support in the development of the Company's business.

FUTR will also build a Creativ Group' that will support creative people in various locations in Indonesia in accessing international markets through the utilization of their design, coding, multimedia, digital marketing, animation, and live streaming e-commerce skills.

The growth of the digital economy and creative industry in Indonesia is estimated to reach IDR 4,608 trillion by 2030. The potential market for the Asia Pacific market for Big Data Analytics, Social Commerce, Immersive Tech, and Cyber Governance is estimated to reach 511 billion US dollars in the next two years. With strong expertise and fundamentals, FUTR believes it can be part of the development of the digital economy in Asia Pacific.

FUTR's President Director, Jeremy Quek, said that his party was grateful for the participation of all parties in the IPO process. With more than 18 thousand investors supporting FUTR's journey, the company continues to maintain the trust that has been given and will continue to improve the company's performance.

"We are optimistic that FUTR can become a leading technology company in Asia Pacific in the next two years and can also contribute to the development of the digital economy in Southeast Asia. With a team of professional experts with experience in technology, data management, as well as a dynamic combination of creative veterans and technology-expanding Gen Z individuals, we are confident in the ongoing efforts we are making 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," he said.