Cinema XXI to Go Public Next Year Despite Recession Threat

By Editorial Team 05/12/2022
IPO business process
Summary

Movie theater chain Cinema XXI's operator, PT Nusantara Sejahtera Raya, is reportedly considering an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). Bloomberg reported that, according to a source, the company aims to raise US$1.1 billion of fresh funds, or Rp 17.17 trillion, based on an exchange rate of Rp 15,617 per US dollar.

Also known as 21Cineplex, PT Nusantara Sejahtera Raya is currently working with IPO advisers on the possibility of implementing the plan next year. "The share sale could raise between US$500 million and US$1.1 billion," the source revealed as quoted by Bloomberg last Friday.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.