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TSS acquires software solution providers with a “buy-and-hold-forever” strategy.
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Indonesia’s IPO drought raises questions about investor confidence
Sinar Mas expands digital infrastructure footprint with Ketrosden deal
Analysis
The IPO trend marks a sharp reversal from previous years.
Policy & Regulations
The sale was a key test of foreign investor appetite for Indonesian assets.
Deals
The move comes as consolidation accelerates across Indonesia’s digital infra sector.
The notes are expected to be rated “Baa2” by Moody’s and “BBB” by S&P and Fitch.
The company had previously pursued IPO plans in 2022.
Also read about the fall in funding activity in Indonesia in Q1 2026.
The firm is said to be in advanced talks to raise up to $1.5 billion in fresh equity.
The investment will be used accelerate the rollout of AI-powered vending machines across Indonesia.
The beneficial owner of FMCG distributor RMS has been detained.
