JAKARTA (Yosefardi) – Shares of newly listed PT Anabatic Technologies Tbk (ATIC) gained 7.14% to Rp750 per share at its trading debut this morning, with over 7.68 million shares valuing of Rp5.9 billion exchanged hands.
Anabatic has offered 375 million shares, priced at Rp700 per share, through the initial public offering (IPO), raising total proceeds of Rp262.5 billion, used to fund product develoment (50%), debt payment (30%), and working capital (20%).
ATIC booked net profit of Rp81 billion in 2014 on revenues of Rp2.57 trillion. In 2013, it recorded net profit of Rp74.9 billion on revenues of Rp2.48 trillion. Its assets reached Rp1.97 trillion while liability amounted Rp1.57 trillion.