IPO Anabatic Technologies on the Indonesia Stock Exchange
Indonesian information technology solutions provider Anabatic Technologies, became the 10th company to list on the Indonesia Stock Exchange (IDX) in 2015. By selling 375 million shares, or 20 percent of the company’s enlarged capital, Anabatic Technologies raised IDR 262.5 billion (USD $19.5 million). In the initial public offering (IPO) 10 percent of the company’s shares were bought by Japanese IT solutions provider TIS. Through this partnership, Anabatic expects to expand its business outside Indonesia.