Starting Today, Investors Can Buy And Sell BIKE Shares On The Indonesia Stock Exchange

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Bike Bersama Indonesia Tbk will become the 12th issuer to list its shares on the Indonesia Stock Exchange (IDX) this year.

Shares of bicycle distributors Genio, United, and Avand with the code BIKE will be traded starting today (Monday, 21 March). Bike Bersama released 323,334,000 shares at a price of IDR 170.

Quoting the IDX's statement, BIKE's shares will be listed on the development board. The total listed shares reached 1.29 billion, so BIKE shares have a market capitalization of IDR 219.87 billion.

IDX added that BIKE is engaged in the Consumer Cyclicals sector with the Leisure Goods sub-sector. The BIKE industry and sub-industry are Sport Equipment and Hobbies Goods.

Just a reminder, 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 a series 1 warrant.