PT Indokripto Koin Semesta Tbk (COIN) has officially launched its initial public offering (IPO).

According to the e-IPO platform, the company is offering 2.2 billion shares, representing 15 percent of its total shares.

The bookbuilding price is set between IDR 100 and IDR 105 per share. The offering period is scheduled from June 23 to June 25, 2025.

Through this IPO, the company expects to raise between IDR 220 billion and IDR 231 billion.

Holding Company with Two Licensed Subsidiaries

Established in 2022, COIN is a holding company overseeing two subsidiaries: PT Central Finansial X (CFX) and PT Kustodian Koin Indonesia (ICC).

CFX operates both a futures exchange and a crypto asset exchange. It received licenses from Bappebti in June and July 2023.

In January 2025, regulatory oversight shifted from Bappebti to the Financial Services Authority (OJK), making CFX the first crypto exchange under OJK regulation.

CFX and ICC Hold Regulatory Approvals

CFX has 31 exchange members. Of these, 19 have received trading licenses, and 7 have obtained futures brokerage licenses.

ICC, founded in January 2022, received its license from Bappebti in December 2023 to operate as a crypto asset storage provider.

It works to safeguard crypto assets and maintain transparency for consumers and clearing institutions.

PHOTO: UNSPLASH

This article was created with AI assistance.