Soaring 35 Percent In Its First Trade, The Stock Market Capitalization Of Laptop Manufacturer Axioo Reaches Rp1.1 Trillion

Photo: Screenshot of Tera Data President Director Michael Sugiarto

JAKARTA - The Indonesia Stock Exchange (IDX) has officially listed the shares of PT Tera Data Indonusa Tbk as the 27th listed company this year. The Axioo brand laptop manufacturer gets the AXIO stock code.

Tera Data released 1.04 billion shares or 17.81 percent of the issued and fully paid capital. Initial price at the time of recording today (Wednesday, July 20) Rp140.

With this initial price, Tera Data will earn Rp. 145.62 billion.

Meanwhile, the total shares listed reached 5.84 billion. As for the first trading, AXIO shares immediately shot to the highest level of Rp. 189 or up 35 percent.

In this way, the total market capitalization of AXIO's stock on its first day on the IDX has reached Rp1.1 trillion.

"With the listing of AXIO shares, the company will develop its business expansion. We hope that it can become a public company that is trusted and can bring benefits to the community and all stakeholders," said Director of Utarama Tera Data Michael Sugiarto.

Michael explained that the company is committed to presenting innovative products at affordable prices, supported by integrated facilities in Cakung, East Jakarta. The company has a capacity of 1.2 million units per year and will continue to increase.

Currently, Tera Data has a network in 31 major cities with 1,300 sales outlets.