PT Super Bank Indonesia Tbk (SUPA), or Superbank, is preparing to list on the Indonesia Stock Exchange (IDX).
This digital bank will conduct an initial public offering (IPO) by offering 4.4 billion shares to the public, with an initial offering price between Rp525-Rp695 per share.
Superbank targets to raise Rp3.06 trillion in fresh funds from the IPO.
Referring to their prospectus, the proceeds from this IPO will be used for the following purposes:
- Approximately 70% for working capital to increase credit disbursement.
- Approximately 30% for capital expenditure, such as product development, information technology, and other business support.
"The company's capital expenditure will be carried out in stages starting from 2026 for the next 5 years," as quoted from Superbank's prospectus.
Superbank's IPO is managed by four securities companies acting as underwriters: PT Mandiri Sekuritas, PT CLSA Sekuritas Indonesia, PT Sucor Sekuritas, and PT Trimegah Sekuritas Indonesia Tbk.