Net TV is looking for Rp 1 trillion capital market

KONTAN.CO.ID – JAKARTA. This year, PT Net Visi Media is considering a new financing of Rp1 trillion. Net TV operators have also prepared two programs to obtain the fresh funds.

First the company will launch an initial public offering or initial public offering (IPO) by releasing 1 billion shares, or 4.88% stake issued and released from this company. From the company action, Net TV aims to get 200 billion rupiahs.

Second simultaneously with IPO, Net Vision Media will also convert mandatory convertible bond (MCB). According to NH Korindo director Sekuritas Amir Suhendro Samirin, the convertible MCB equals 19.32% of the company's total paid-up capital or 4.37 billion share units.

The funds for the conversion of MCB reached 800 billion rupiahs. According to testimonials, Tokopedia will be the MCB container of Net Vision Media. Well, this MCB will also run when implementing IPO Net TV. Net Vision Media has appointed NH Korindo Securities as underwriter of this corporate action.

Korindo Sekuritas CEO Jeffry Wikarsa reveals that Net TV will also use the proceeds of this IPO to fund its expansion. "The product of the IPO will be provided for business development," he said Wednesday (4/7). But he did not explain in detail related to business development that what will be done by the media company.

Net TV will publish its shares on the stock market using its March 2018 financial statements. This company will enter the Indonesian market on August 29th.

IDX noted that there are currently 20 companies entering the pipeline and plans to launch an initial public offering in the second half of 2018. Yesterday, in addition to Net TV, there was a construction company that co-organized mini exhibit on BEI.

Throughout this year, 21 companies were listed on the national stock market.

INITIAL PUBLIC OFFER ( IPO)