Bank Artos Indonesia became the first company to list on the Indonesia Stock Exchange (IDX) in 2016. The Bandung-based private lender was warmly welcomed by investors. During its trading debut on Tuesday (12/01) the company's shares rose 31.1 percent. Through the initial public offering (IPO) Bank Artos Indonesia raised IDR 31.8 billion (approx. USD $2.3 million) by offering 241.3 million new shares, or 20 percent of the company's enlarged capital at IDR 132 per share.

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Kiprahnya biasa saja, bahkan nyaris tak terdengar selama puluhan tahun. Namun mendadak Bank Artos menjadi gunjingan bursa saham, sejak diakuisisi oleh Jerry Ng melalui PT Metamorfosis Ekosistem Indonesia (MEI) dan Patrick Walujo melalui Wealth Track Technology Limited di akhir 2019. Keduanya mengambil alih 51% saham Bank Artos, dan mengubah bank kecil tersebut menjadi bank digital yang kini diberi nama Bank Jago.

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Fundraising in Indonesia's capital markets touched a multi-year low in the first quarter of 2016. Based on data from Bloomberg, only IDR 142.1 billion (approx. USD $10.8 million) was raised through rights issues and initial public offerings (IPOs) on the Indonesia Stock Exchange in Q1-2016, the lowest figure in the past seven years. Analysts expect fundraising in the capital markets of Indonesia to improve from the second quarter of 2016 onward due to expected accelerating economic growth and Bank Indonesia's lower interest rate environment.

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