First tech start-up on Indonesia exchange oversubscribed 10 times
KIOSON, the first online-to-offline (O2O) Indonesian e-commerce company, has listed on the Indonesia Stock Exchange (IDX) under the ticker code KIOS.
Kioson, officially PT Kioson Komersial Indonesia Tbk, is the first start-up to list on the IDX. Kioson stock was set at Rp 300 per share and managed to secure up to Rp 45 billion in funds. During the public offering period, Kioson recorded an oversubscription more than 10 times the total number of shares offered.