Setting Initial Share Price Of IDR 140, Laptop Manufacturer Axioo Tera Data Will Raise IDR 145.62 Billion Of Funds From IPO

JAKARTA - Axioo brand laptop manufacturer PT Tera Data Indonusa Tbk has completed an initial public offering period from June 29 to July 5. As a result, the company has set an initial share price with the code AXIO IDR 140.

For that determination, Tera Data got the initial price at its highest level. The reason is, during the initial offering period, the company offered prices ranging from IDR 120 to IDR 140.

Quoting the offer document on e-ipo.co.id, Thursday, July 14, Tera Data released 1.04 billion shares or 17.81 percent of the issued and fully paid capital. With the stipulation of the initial price, Tera Data will reap funds of IDR 145.62 billion.

Of the funds, the company will use the majority or 90 percent for working capital. Meanwhile, the remaining 10 percent is for capital expenditure (capex).

After this, Tera Data started the public offering period on July 14-18, until the listing of shares on the Indonesia Stock Exchange (IDX) on July 20.

The company appointed BNI Sekuritas and CIMB Niaga Sekuritas as underwriters for the issuance of securities.