Implementation of Go Public in Indonesia at PT. Astra International

• Published in: Law Research Review Quarterly Vol. 9; no. 4
• Main Authors: Laniati, Ratna, Rahayu, Sang Ayu Putu, Daren, Bastian Chris
• Format: Journal Article
• Language: English
• Published: 30.11.2023
• ISSN: 2716-3415; 2716-3415
• DOI: 10.15294/lrrq.v9i4.75656

In Indonesia's competitive business environment, many companies compete to be at the forefront of their fields. The capital market is one way for companies to obtain sources of funds to support their operations. Through a public offering, a company can sell shares to investors, and this process is known as "going public." Many companies see going public as a way to improve their image, while gaining capital for expansion, product development, and business combinations. By going public, companies, such as PT. Astra International Tbk., hopes to strengthen their financial structure, improve performance, and achieve planned expansion goals. The purpose of this writing is to 1) To find out the process of a company in Indonesia to become a Go Public company. 2) To find out about the implementation of Go Public carried out at PT. Astra International. The results of this research show that going public is the process of offering shares or other securities to the public as regulated by Law no. 8 of 1995 concerning Capital Markets and its implementing regulations. PT. Astra Internasional Tbk, which was listed on the Jakarta Stock Exchange since April 4 1990, has undergone this transformation. Although going public brings benefits such as access to greater funding sources, this change in status also brings new responsibilities and consequences that the company must bear.