Internet services provider PT Yelooo Integra Datanet (Passpod) mulls to launch the initial public offering (IPO) in the fourth quarter (Q4) of 2018. The IPO proceeds, expected for Rp40-50 billion, will be used to funding its expansion into regional. PT Sinarmas Sekuritas will act as underwriter for this IPO. Passpod booked net profit of Rp400 million in Jan-Apr 2018 period on revenues of Rp4.2 billion.
Financing firm PT Pool Advista Finance also mulls IPO for 23% shares, helped by underwriter, PT Artha Sekuritas. The Company is subsidiary of PT Pool Advista Indonesia (POOL). Pool Advista Finance targets to boost its asset to Rp500 billion by end this year.
