PT Indokripto Koin Semesta Tbk. (COIN) has officially set its initial public offering (IPO) price at Rp100 per share. This pricing positions the company to potentially raise up to Rp220.58 billion from the public offering.
The company operates within the financial sector, functioning as a holding entity with subsidiaries engaged in futures exchanges, crypto asset exchanges, and crypto asset custodian services. Its notable subsidiaries include PT Central Finansial X (CFX), which runs a futures and crypto asset exchange, and PT Kustodian Koin Indonesia (ICC), which provides crypto custody services.
During the initial bookbuilding phase, the company offered shares within a price range of Rp100 to Rp105. The final IPO price of Rp100 represents the lower bound of this initial range.
IPO Details and Share Structure
According to the abbreviated prospectus published on Tuesday, July 1, 2025, PT Indokripto Koin Semesta plans to offer 2,205,882,400 shares in its IPO. This number represents 15% of the total shares to be listed.
The management stated, "The total public offering amount is Rp220,588,240,000."
The final price was determined through negotiations between the shareholders, the company, and the underwriter, PT Ciptadana Sekuritas Asia. This decision considered the results of the bookbuilding process that took place from June 23 to June 25, 2025.
Key Financial Metrics and Considerations
Several financial metrics and market conditions influenced the IPO pricing. At the time of bookbuilding, the company's price-to-earnings ratio (PER) stood at 34.23 times, and its price-to-book value (PBV) was 1.14 times, based on the financial report dated December 31, 2024.
Other critical factors included:
- Demand from qualified prospective investors.
- The company's recent financial performance.
- Current business data and future prospects.
- The latest developments within Indokripto Koin Semesta.
IPO Timeline and Use of Proceeds
The public offering period is scheduled for July 2–7, 2025. The company is then slated to list on the Indonesia Stock Exchange (IDX) on July 9, 2025.
The majority of the IPO proceeds, approximately 85%, will be allocated to PT Central Finansial X (CFX) as a capital injection. These funds are intended to support CFX's working capital for its operational activities.
The remaining 15% will be channeled to PT Kustodian Koin Indonesia (ICC), also as a capital contribution, to bolster its working capital. For a deeper look at market dynamics and trading, you can explore more strategies.
Management's Vision and Market Position
Ade Wahyu, Director of PT Indokripto Koin Semesta Tbk (COIN), emphasized that the company is poised to become the first listed crypto exchange holding company on the IDX.
“As the first crypto exchange holding company to list on the Indonesian capital market, we are confident that the COIN IPO can support the growth of the investment climate and the Indonesian economy,” he said in an official statement.
Ade further explained that the IPO would strengthen the company's financial capacity, primarily to support the working capital needs of its subsidiaries, CFX and ICC.
As of June 25, 2025, CFX had 31 registered members, 20 of whom already possess permits as Digital Financial Asset Traders (PAKD) from the Financial Services Authority (OJK). Additionally, CFX has seven registered futures broker members.
Ade highlighted the crucial role both CFX and ICC play in Indonesia's crypto asset industry: “Not only do they oversee and provide storage services, but both also focus on business activities that drive the growth and development of the digital asset market, including crypto assets, and ensure a safe and innovative crypto ecosystem in Indonesia.”
Frequently Asked Questions
What is the ticker symbol for Indokripto Koin Semesta?
The company will trade on the Indonesia Stock Exchange under the ticker symbol COIN.
When is the COIN IPO scheduled to occur?
The public offering period runs from July 2 to July 7, 2025, with an expected listing date on the exchange of July 9, 2025.
What is the main business of PT Indokripto Koin Semesta?
It is a holding company with subsidiaries operating a futures exchange, a crypto asset exchange, and a crypto asset custodian service, positioning it centrally in Indonesia's digital finance sector.
How will the funds from the IPO be used?
Approximately 85% of the net proceeds will be invested into subsidiary CFX for working capital, with the remaining 15% going to subsidiary ICC for the same purpose.
Why is this IPO significant for the Indonesian market?
This marks the first listing of a crypto exchange holding company on the IDX, representing a major step in the integration of digital asset businesses with the traditional capital market. To understand the instruments being traded, view real-time tools.
What were the key metrics considered for the IPO price?
The final price was influenced by the company's price-to-earnings ratio of 34.23x, its price-to-book value of 1.14x, and strong investor demand during the bookbuilding period.
Disclaimer: This article is for informational purposes only and is not intended as investment advice or a solicitation to buy or sell securities. Investment decisions should be made based on your own research and risk assessment.