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    Initial Public Offering Process

    Uploaded by

    Kanapathipillai Jegapriyan
    The document outlines the initial public offering (IPO) process for companies in three main steps: 1. Preparation: The company holds shareholder meetings, hires experts like underwriters and legal consultants, and prepares required documents. 2. Registration: The company submits registration documents including a prospectus of company information to the Financial Services Authority (OJK) for review. OJK has 30 days to approve the registration. 3. Offering: After registration is approved, the company can begin its initial public stock offering to the public through primary market sales. Not all companies will be listed on the stock exchange after an IPO and must meet additional requirements.

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    Initial Public Offering Process

    Uploaded by

    Kanapathipillai Jegapriyan
    12 views2 pages
    The document outlines the initial public offering (IPO) process for companies in three main steps: 1. Preparation: The company holds shareholder meetings, hires experts like underwriters and legal consultants, and prepares required documents. 2. Registration: The company submits registration documents including a prospectus of company information to the Financial Services Authority (OJK) for review. OJK has 30 days to approve the registration. 3. Offering: After registration is approved, the company can begin its initial public stock offering to the public through primary market sales. Not all companies will be listed on the stock exchange after an IPO and must meet additional requirements.

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    The document outlines the initial public offering (IPO) process for companies in three main steps: 1. Preparation: The company holds shareholder meetings, hires experts like underwriters and legal consultants, and prepares required documents. 2. Registration: The company submits registration documents including a prospectus of company information to the Financial Services Authority (OJK) for review. OJK has 30 days to approve the registration. 3. Offering: After registration is approved, the company can begin its initial public stock offering to the public through primary market sales. Not all companies will be listed on the stock exchange after an IPO and must meet additional requirements.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    12 views2 pages

    Initial Public Offering Process

    Uploaded by

    Kanapathipillai Jegapriyan
    The document outlines the initial public offering (IPO) process for companies in three main steps: 1. Preparation: The company holds shareholder meetings, hires experts like underwriters and legal consultants, and prepares required documents. 2. Registration: The company submits registration documents including a prospectus of company information to the Financial Services Authority (OJK) for review. OJK has 30 days to approve the registration. 3. Offering: After registration is approved, the company can begin its initial public stock offering to the public through primary market sales. Not all companies will be listed on the stock exchange after an IPO and must meet additional requirements.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Initial public offering process

    A. Preparation
    In this preparation step all of the requirements that the companies need to go public are:
    1. Making general meeting for member of shareholders to make an agreement. The
    management of the company should make a clear statement for the reason to raise fund by
    going public.
    2. After accepting the agreement, the company should use capital market experts’ institution
    for example underwriter, notary public, legal consultant, and appraisal company. Supporting
    institution for example trustee, guarantor, securities administrator bureau, and custodian.
    3. Prepare all the documents required for public offering

    B. Registration
    After administrative step the company do the following steps :
    1. Confirm that OJK has received the registration document
    2. OJK will check all of the documents that consist of :
    a. A cover letter
    b. Prospectus
    Prospectus is a document that consist of the information about the company within last 3
    years in summary. Prospectus inform :
     The function of the fund from go public
     Risk of the business
     Analysis and discussion from management
     Company profile
     Financial statement of the company
    Every statement and all of supporting documents will be checked by OJK. In general in this step all
    of companies register their companies to OJK with documents to supporting their statement to go
    public until OJK confirmed that the registration is effective. If there is no answer from OJK within
    30 days, the company automatically effective.
    C. Offering
    After the registration statement submitted to OJK is declared effective, the stock has already
    sale in public. Sales occur through initial public offering. This is the main step because this is the
    step where the company starting offering their stock to the society. Sale of stock through IPO
    mechanism is also known as Sales in primary market. Not all of The companies that do the IPO
    steps will be known as public company (tbk). After IPO the companies can directly listing their
    stock in Indonesia Stock Exchange but should do the following steps and the rules.

    Cost of capital
    adalah merupakan topik yang amat penting untuk dipelajaridalam manajemen keuangan
    karena beberapa alasan : Pertama, bahwacapital budgeting decision mempunyai
    pengaruh yang besar pada perusahaan dancapital budgeting
    yang baik akan memerlukan ramalanakan
    cost of capital
    yang tepat.
    Kedua
    , bahwa
    capital structure
    dapat mempengaruhi baik besar dan risk daripada pendapatan perusahaan dan
    selanjutnya adalah juga pada
    “ value of the firm “
    .Pengetahuan daripada
    cost of capital
    , dan bagaimana ia dipengaruhi oleh
    financial leverage
    adalah sangat bermanfaat dalam mengambil keputusan atas
    capital structure
    yang diambil. Akhirnya, hampir semua keputusan, termasuk didalamnya adalah
    mengenai
    leasing
    ,
    pembayaran kembali atas debt
    dan
    kebijaksanaan modal kerja
    , memerlukan pengetahuan dan estimasi atas
    cost of capital
    .Pada awal pembahasan, kita akan bicarakan mengenai arti pentingnya penggunaan
    “ weighted average cost of capital “
    , kemudian selanjutnya akan kita bahas mengenai cost dari komponen dalam
    capital structure
    , yang antara lainmeliputi :
    debt, prefference share and equity dan retained earning

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