Shares of PT RANS Entertainment Indonesia Tbk (RANS) jumped 34.12% on their first day of trading on the Indonesia Stock Exchange (IDX), reaching the upper auto rejection (ARA) limit after listing at an initial public offering (IPO) price of Rp170 per share (10/07).

As of 9:40 a.m. WIB, the stock traded at Rp228 per share. Trading value reached nearly Rp1 billion with more than 43,000 lots traded, while around 20 million lots were queued at the highest bid price.

Raffi Ahmad Says Public Listing Marks a New Beginning

During the listing ceremony at the IDX Main Hall in Jakarta, Raffi Ahmad said the company's public listing marks the beginning of a new phase for RANS.

"Today we are not celebrating the end of a journey, but the starting point. Becoming a public company means we have chosen to grow with higher standards, greater transparency, and greater responsibility to all shareholders and the people of Indonesia. Public trust is a mandate that we will continue to uphold through good governance and sustainable growth," he said.

RANS Raises Rp429.25 Billion Through IPO

RANS issued 2.525 billion new shares, equal to 20.02% of its issued and fully paid-up capital, with an IPO price of Rp170 per share.

The company raised Rp429.25 billion from the IPO. About 37.61%, or Rp161.5 billion, will be allocated to concert organization activities, while 19.80%, or Rp85 billion, will be used to acquire a 51% stake in PT Rans Kosmetika Indonesia.

IPO Funds Allocated to Business Development

The company will also allocate around Rp80 billion to develop the Cipungland entertainment and learning park.

Another Rp35 billion will be invested in an artificial intelligence (AI) joint venture with PT Feedloop Global Teknologi. Meanwhile, Rp29.95 billion will be used to partially repay investment credit facilities, and Rp37.8 billion will strengthen the working capital of PT Rans Nikmat Sejahtera.

Nagita Slavina Highlights Creative Economy Potential

President Director Nagita Slavina said Indonesia has significant potential in the creative economy and emphasized the importance of developing creativity into intellectual property that can create sustainable economic value.

"Indonesia has extraordinary creative talent. The next challenge is how that creativity can develop into intellectual property, professionally managed companies, and ultimately create jobs and sustainable economic value. We hope the RANS journey can become one example that this is not only possible, but achievable," she said.

PHOTO: ANTARA

This article was created with AI assistance.

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