Skip to main content

Kioson became the first Indonesian startup to conduct IPO

Kioson.com has officially become the first e-commerce startup to conduct an IPO on Indonesia Stock Exchange (IDX). On Thursday IDX inaugurated the initial listing of the shares of Kioson Komersial Indonesia Tbk (IDX: KIOS) and the price moved up 50 percent to Rp450 per share compared to the initial price of Rp300 per share.

Tinuku Kioson became the first Indonesian startup to conduct IPO

"Kioson proves that companies listed on IDX are not just big companies. The exchange also supports and provides facilities for startup companies," said IDX President Director Tito Sulistio.

Kioson is a technology startup service provider online-to-offline (O2O). Sulistio said Kioson became the 24th share issuer in 2017 or the 558th issuer listed on the Jakarta's stock exchange. Kioson shares are listed on the exchange with the KIOS trading code on the Development Board.

"The IPO corporate action has long been one of the tools for the company to raise funds. Kioson can be more professional, transparent and accountable and also one of the stocks that continues to be an option for investors," Sulistio said.

Startup launched 150 million shares or approximately 23.07 percent of total capital after the implementation of the IPO. KIOS stock price offered at Rp300 per share, so the company reached an IPO fund of Rp45 billion. Kioson CEO Jasin Halim said the company will remain open to venture capital that wants to invest KIOS.

"We do not close the door if the venture capital wants into company," said Halim.

Kioson CEO Jasin Halim said the IPO moment is important for the company to strengthen its commitment to bridge the underserved market and the digital world. The proceeds from the IPO will be used for 78.95 percent to acquire Narindo Solusi Komunikasi in order to strengthen the company's infrastructure.

Comments

Popular posts

Internet users in Indonesia are 143.26 million by 2017, APJII reports

The Indonesian Internet Service User Association (APJII) reports the number of internet users in Indonesia is 143.26 million by 2017. The latest APJII survey concluded that internet users in Indonesia are dominated by people aged 13-18 years and still have internet infrastructure gaps between urban areas and rural.

APJII released the survey results on the penetration and behavior of Indonesian internet users in 2017 where the increase in number compared to the previous year. APJII also enforces age and area categories to map the user penetration levels in the survey. To know the total population of Indonesia is 262 million people.


"Internet users are up 10 million compared to the previous year (2016) of 132.7 million people.The youngest is the highest," said APJII Secretary General Henri Kasyfi Soemartono.

Internet users are dominated by 13-18 year olds and penetration rate is 75.50 percent. The top category is Kalimantan Island which has penetration rate at 72.19 percent, t…

Sony announces blue-chip company for taxi and ride-hailing market

Sony Corp. announced it will be a blue-chip company that jockeyes Japan's taxi and ride-hailing market with a joint venture plan to develop an artificial intelligence-based hailing system. This partnership is conducted between domestic taxi companies and technology companies that see the potential of a profitable Japanese market.

Sony plans to build an AI-based platform with Daiwa Motor Transportation Co Ltd and five other domestic taxi companies. This month, SoftBank Group Corp. and China's Didi Chuxing announced it will hold a business in Japan this year for customized services in the country.


SoftBank is one of the investors in Didi and also the largest shareholder of Uber Technologies Inc. Didi and Daiichi Koutsu Sangyo Co. Ltd. plans to offer taxi services to visitors from mainland China and the company is also in talks with Uber.

Uber CEO Dara Khosrowshahi on Tuesday told investors in Tokyo that Uber should change the way business is in Japan and need to build partnershi…

Honda EV-CUB electric motorcycle scheduled to Indonesia in 2018

Tinuku ~ Honda confirmed electric scooter EV-CUB Concept will hit Indonesian market in 2018. Honda President and CEO Takahiro Hachigo confirmed electric motorcycle in 2018 in Indonesia is Honda's agenda to improve the introduction of electrification technology using mobile battery easily removable and rechargeable.



The trend of electric motorcycle seems to be increasingly widespread in Indonesia for the next few years. Triangle Motorindo and Bosch have officially sold Viar Q1 last week. The move will be forwarded by Garasindo and the Surabaya Institute of Technology to sell Gesits this year and Honda has set up an EV-CUB for 2018.

Hachigo officially said when discussing the future of Honda including new products, technologies and vision of the company towards 2030. Currently the company is preparing the electric motorcycle users convenience system with mobile battery that is easily removable and rechargeable.



"We are trying to promote electrification for the commuter motorcyc…

Know Various Types of Traditional Indonesian Batik Patterns

Tinuku ~ Various types of batik spread across the archipelago. Batik is art of painting using cloth has a pattern and a special way of making the write or paste on the fabric. By treatment with certain distinctive ways.

Batik is pictorial cloth made specifically by writing or applying wax to cloth and since October 2, 2009 batik has been designated as one of Indonesia's cultural heritage by UNESCO.

Everyone knows batik designs have supernatural powers and each motif worn only by specific users. Parang motif which symbolizes strength and power, should only be worn by rulers and knights. Batik of this type must be made with calmness and patience.


If you do wrong in the batik process, the magical power is lost. The process of making batik is full of philosophical meaning, batik is a meaningful symbols that shows how society thinks maker.

Perhaps you just know only one kind of batik design. But geography and area of Indonesia storing various types of batik motifs depending on region t…

Castle T-Shirt Painting studio show off art of painting into fashion art works

Tinuku ~ Castle T-Shirt Painting studio presents fashion as art. Studio based in Yogyakarta, Indonesia, implementing energy kontenporer painting on T-shirts as a canvas into fashion art.