The Company’s considerations in deciding to go public are as follows:

Going Concern

One of the motives to opt for IPO is the Company’s desire to maintain its sustainability, particularly its growth (going concern), in the future.

Source of Funding

In general, companies may obtain funding from a variety of internal and external sources. Internal cash flow derived from the Company’s retained earnings is one example. Meanwhile, external alternatives may be in the form of debt (bank loans, MTNs, bonds, and other forms of debt securities) or participation (also known as public offering of shares to the general public / going public).

Industry Momentum

Industry momentum is one of the key factors in considering to go public. There have been numerous companies that have gone public based on opportunities presented by industry trends. Following good industry trends will significantly boost company’s profitability.

Unlocking Value

A private company faces challenges in assessing and unlocking its optimal value. Being a public company addresses this issue and opens the gate to maximize its value.

Tax Saving for shareholders

Shareholders of a public company may benefit from tax saving in accordance with PP No. 14 of 1997, which states that shareholders are only subject to a final income tax of 0.5% of the capitalization value at the time of the public offering.