Indonesian Capital Market

Go Public is an activity to offer securities to the public.
a. Registration Statement
Registration Statement is a document that must be submitted to Bapepam by Issuers in the Public Offering process. Those who are obliged to submit Registration Statement are:
�� Participants initiated Public Offering
�� Public Companies
• Limited Corporation
• Capital submitted is more than Rp. 3.000.000.000,-
• Stock holders of more than 300 (three hundred) people
b. Background and Benefits of Go Public
Several benefits for companies to go public are:
�� Growth Aspects
Go Public provides budgeting alternative for companies to grow their business and as a strategy to survive.
• Expansion
• Refinancing
• Divestation
�� Generalization Aspects
Generalization takes the form of ownership distribution in a company where in general, owned by a family or particular group, therefore by implementing Go Public, the company is owned by many. besides distribution of revenue, Go Public provides benefits in risk distribution.
Before Go Public After Go Public

�� Stability Aspects
A few elements of Go Public provide influence to corporate stability:
• Exposure or transparency; more open, according to rules of regulations in Capital Market
• Management; more professional, monitoring and controlling by the public creates better responsibility
• Corporate status; exposed more to public in general
• Increase compliance towards existing rules of regulations
• Increase compliance towards Business ethical codes
• Increase number of shareholders creates an increase in public attention towards a company.
c. Go Public Process
�� Process in the company
�� Go Public plan, Share Holders General Meeting,
�� Legal audit, financial report audit, asset appraisal, etc.
�� Documentation, preleminary contract with Stock Exchange, agreements.
�� Registration Statement, summary prospectus announcement, book building
�� Process in Bapepam
�� Evaluation of all documents
�� written commentaries on Registration Statement
�� Registration Statement effective statement
�� Process after the effective statement
�� Providing Prospectus for public
�� Offering by Underwrites and Traders
�� Securities submittance
�� Listing or unlisting in Stock Exchange
d. Public Offering by Share Holders (divestment)
�� Process in the company
�� Go Public plan, Share Holders General Meeting,
�� Legal audit, financial report audit, asset appraisal, etc.
�� Documentation, preleminary contract with Stock Exchange, agreements.
�� Registration Statement, summary prospectus announcement, book building
�� Process in Bapepam
�� Evaluation of all documents
�� written commentaries on Registration Statement
�� Registration Statement effective statement
�� Process after the effective statement
�� Providing Prospectus for public
�� Offering by Underwrites and Traders
�� Securities submittance
�� Listing or unlisting in Stock Exchange