IPO On March 21, Genio And United Bike Distributors Set Initial Price Of IDR 170 Per Share

Photo: Doc. Bike with Indonesia

JAKARTA - PT Bike Bersama Indonesia Tbk will become the 12th issuer listed on the Indonesia Stock Exchange (IDX) this year. The company's shares with the BIKE code have been set at a price of IDR 170.

Quoting the Indonesian Central Securities Depository (KSEI), Friday March 11, the shares of the bicycle distributors Genio, United and Avand will be offered from March 14-17. In the end, the listing of BIKE shares will take place on March 21, 2022.

As is known, Bike Bersama released 323,334,000 shares. That way, the company has the potential to reap IDR 54.97 billion in funds.

In the implementation of this initial public offering (IPO), the company appointed Trimegah Sekuritas as the implementing underwriter and underwriter. Meanwhile, Mirae Asset Sekuritas and NH Korindo Sekuritas are also the underwriters for the company's securities.

Simultaneously with this public offering, the company also issued 161.667 million series I warrants. Series I warrants were granted to each shareholder whose name was recorded in the company's shareholder register on the allotment date free of charge.

The stipulation is that every holder of two shares whose names are recorded in the allotment DPS will receive one series I warrant.