Close on the heels of churning out a profit, Indogen Capital-backed employee benefit and fintech solutions company PT Venteny Fortuna International (Venteny) is targeting to raise 423 billion rupiah ($27 million) in a domestic initial public offering (IPO).
According to a prospectus published on Monday, the Indonesian startup plans to release 939 million shares, or a 15% stake, in the company at 350-450 rupiah apiece.