RUN System IPO on IDX, Optimizing Momentum for Business Expansion and Sustainability
Targeting 49.9 billion Rupiah funds from this corporate action
One of Telkom Group's investment portfolios, PT Global Sukses Solusi Tbk (RUN System) plans to expand its business and seek funds through an initial public offering (IPO) on the Acceleration Board. This SaaS platform providing ERP solutions targets to collect IDR 49.9 billion Rupiah from its corporate actions.
The development of the company's business in the past few years and the trust of various parties are believed to be one of the strong reasons for the IPO. With the current conditions, especially the impact of the pandemic that has changed many parts, including the urgency of digitizing business processes has urged companies to find ways to survive and thrive. On the other hand, the IPO is said to help improve the company's performance.
RUN System's Founder & CEO, Sony Rachmadi Purnomo said, "We've set an IPO as a target since the beginning in order to support business expansion and company's sustainability. As a startup, agility really helps to grow and develop, however, it can also backfire if we don't focus on stakeholders and corporate governance. We chose the IPO method in order to maintain the momentum for business expansion and sustainability (GCG) at the same time."
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