PT Indokripto Koin Semesta Tbk. (COIN) has priced its initial public offering (IPO) at Rp100 per share, potentially raising Rp220.58 billion. The company operates in the financial sector through subsidiaries, including PT Central Finansial X (CFX) for crypto asset trading and PT Kustodian Koin Indonesia (ICC) for crypto custody services.
Key IPO Details
- Price Range: Initially offered between Rp100–Rp105 per share during bookbuilding (June 23–25, 2025)
- Total Shares Offered: 2.2 billion shares (15% of listed shares)
- Listing Date: Scheduled for July 9, 2025, on the Indonesia Stock Exchange (IDX)
Fund Allocation:
- 85% to CFX for operational working capital
- 15% to ICC for custody service expansion
Financial Metrics
- Price-to-Earnings (P/E) Ratio: 34.23x
- Price-to-Book Value (P/BV): 1.14x (based on 2024 financials)
Strategic Significance
COIN marks the first crypto exchange holding company to go public in Indonesia. CEO Ade Wahyu emphasized its role in strengthening Indonesia’s digital asset ecosystem:
"CFX and ICC ensure a secure, innovative crypto market while driving industry growth."
As of June 2025, CFX has 20 licensed Digital Asset Financial Traders (PAKD) and 7 registered futures brokers.
FAQ Section
Q: What is COIN’s business model?
A: It operates as a holding company for crypto exchanges (CFX) and custody services (ICC), focusing on regulatory compliance and market growth.
Q: How will the IPO funds be used?
A: Primarily to boost working capital for CFX’s trading platform and ICC’s custody infrastructure.
Q: Why invest in COIN?
A: As Indonesia’s pioneering listed crypto holding firm, it offers exposure to the expanding digital asset sector with OJK-regulated operations.
Q: What are the risks?
A: Market volatility and regulatory changes in the crypto industry could impact performance.
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Disclaimer: This content is for informational purposes only. Investment decisions carry risks; conduct independent research before proceeding.
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