Indonesian peer-to-peer (P2P) lending firm PT Akseleran Usaha Indonesia Tbk (Akseleran) is planning to raise 358.62 billion rupiah ($23.84 million) in an initial public offering (IPO) next month.
The company plans to list 2.98 billion shares, equivalent to a 29% stake in the company, at 100-120 rupiah apiece on the Indonesia Stock Exchange (IDX).