JAKARTA (Yosefardi) – PT Anabatic Technologies Tbk, engaged in consulting, integration, and management of information technology system, has set its IPO price at Rp650 to Rp800 per share, to raise total proceeds of between Rp417.86 billion to Rp514.29 billion.
The IPO proceeds will be used to fund the products development and market share expansion (60%), debt payment (20%), and working capital (20%).
It plans to offer 642.85 million shares through the initial public offering (IPO), representing 30% of its total issued and paid-up shares capital.
The offering is scheduled for June 29-30, 2015 and July 1, 2015. Listing at stock exchange is set for July 6, 2015.