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A Latte Potential: Fore Coffee Eyes IPO

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Algo Research Team


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Key Summary:


  • A well-known coffee startup embarks on IPO
  • 21% offering, seeking IDR300-379bn of proceeds
  • Premium valuation may be a deciding factor

Fore Coffee, the specialty coffee shop brand based in Indonesia and incubated by East Ventures, is making headlines with its plan to go public on the Indonesia Stock Exchange (IHSG).


The company is planning to offer around 21% of its enlarged capital to the public through the issuance of 1.88 billion new shares, under the ticker $FORE.


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