Arkadia Digital Media Tbk: A Digital Media Company (Initial Public Offering) August 7, 2018 414

Company History

  • Established in 2012 under the name PT Bukit Irama.
  • The name was changed to PT Arkadia Digital Media in February 2018.
  • It envisions is to be a respected independent and integrated digital media group.

Initial Public Offering Facts

  • Maximum of 150 million shares (54.55% of the enlarged capital/total shares after IPO) are being offered to public.
  • IPO price ranges between IDR 200 – IDR 400 per share.
  • The company plans 30% dividend payout ratio.

IPO Proceeds Allocation

  • 34% for infrastructure and hardware.
  • 53% for platform and software development.
  • 13% for working capital.

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