Insight

CBDK Aims for IDR23tn IPO Valuation in January 2025

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Algo Research Team


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Key Summary:


  • Bangun Kosambi Sukses (CBDK) is a subsidiary of PANI
  • IPO valuation ranges from IDR 17-23 trillion, at 21-28x PER
  • Proceeds will be used to inject capital to an affiliate company

Bangun Kosambi Sukses (CBDK), a subsidiary of Pantai Indah Kapuk Dua (PANI), plans to do an initial public offering (IPO) in January 2025.


Context: CBDK is a property company that focuses on integrated residential and commercial developments in Pantai Indah Kapuk (PIK) 2 area.


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