Bisnis.com, JAKARTA — A financial technology company (financial technology / fintech) investigating PT Bank Neo Commerce Tbk. (BBYB), PT Akulaku Silvrr Indonesia (Akulaku), is reportedly preparing an IPO on the United States (US) Exchange.
A Bloomberg report states that Akulaku is considering an IPO through a merger with a blank check company aka SPAC. The result of the merger would make the combined company worth US$2 billion.
Akulaku is currently reportedly seeking fresh funding of around US$200 million to US$300 million from a private funding round. The discussion process is still in the early stages and the SPAC candidates to be merged are not final.
Akulaku is a fintech supported by Crazy Rich China, Jack Ma. In October 2021, Akulaku became the controller of Neo Commerce Bank which was ratified through the Extraordinary General Meeting of Shareholders (EGMS). Currently, Akulaku controls 24.98 percent of BBYB’s shares.
Economist of the Institute for Development of Economics and Finance (Indef) Nailul Huda believes that Akulaku’s idea to be listed on the US stock exchange is certainly an interesting step. Moreover, the name fintech lending is not as popular as e-commerce but can still survive in the midst of a pandemic.
“However, it must be seen whether Akulaku becomes one of the big players in the fintech lending industry. This is related to Akulaku’s positive sentiment when he wants to take the floor. If the market share is small, it will be big to get high sentiment,” he said, Tuesday (18/1/2022).
– .
