Telkom Indonesia-backed enterprise resource planning software producer Run System will hold a $3.5m initial public offering.
Run System, an Indonesia-based enterprise resource planning (ERP) software developer backed by telecommunications firm Telkom Indonesia, will hold a Rp50bn ($3.5m) initial public offering on the Indonesian Stock Exchange, DealStreetAsia reported yesterday.
The company intends to issue up to nearly 197 million shares priced between $0.016 and $0.018 per share. The number of shares represents up to 20% of its total issued and paid-up capital.
The offering is expected to take place on September 8, 2021, with BRI Danareksa and…
