PT Electronic City Indonesia Tbk sets IPO price at Rp 4050 to Rp 5,400 per share. The Company plans to realize the public offering IPO ( initial public offering / IPO ) in early July 2013.
The company targets IPO funds of Rp 1.3 trillion, where as many as 85 % of the IPO funds will be used for store development, including the acquisition of land for new stores, development for development of Electronic City Stores in a number of areas, fit out new stores and remodeling stores been there.
The Company has also appointed PT Danareksa Securities as a securities underwriter. The schedule stock offering, among others, the initial offering period on June 5 to 14, 2013, effective date June 21, 2013, offering on June 25-27, 2013, the allotment on July 1, 2013 , the distribution on July 2, 2013, and listed on the Stock Exchange Indonesia ( BEI ) on July 3, 2013.