Tiket.com Eyes 2015 Listing on Nasdaq
Tiket.com, an
Indonesia online travel agent, aims to hold its initial public offering on the
NASDAQ Stock Market next year, joining the ranks of other Asian tech companies
trading in the United States.
1)Tiket.com would be the first
online company from Indonesia
to offer shares to investors in the US stock market, 2)which has lured other technology-related firms from other
nations to raise capital there.
Natali Ardianto, founder and chief technology officer of Tiket.com, said
the start-up, which is profitable, 3)has
been preparing for the IPO.
“If everything goes well, 4)we plan to hold the
IPO next year,” Natali said at IBM’s Smart Cloud and Managed Service
event in Jakarta on Thursday.
5)Proceeds from the IPO will be
used to boost the company’s expansion plans, he said.
Natali said 6)the company had talked
to two investment banks to help it manage the IPO, though 7)he declined to disclose the names of the banks and
terms of the IPO.
8)Natali also did not provide details on the
first-time public stock sale and shareholders of Tiket.com
Founded in August 2010, 9)Tiket.com allows customers to book airline
tickets, train tickets, hotel rooms and rental cars online. 10)It is now
one of the fastest-growing online travel booking sites in Indonesia,
taking 2,000 to 3,000 transactions per day.
11)Tiket.com served an
average 3,000 transactions, valued at Rp 2 billion ($169,000), per day last
year, according to Natali. It is targetinfg 5,700 transactions per day
this year.
“12 )We’ve also been profitable since May last year, as our cash flow
is no longer negative,” Natali added.
Tiket.com’s sales surged by 1,300 percent between 2012 and 2013. Airline
bookings contributed the most, at 40 percent, Natali said. Booking for hotel
rooms and train tickets through the company were the second-and third-biggest
contributors to sales.
In Indonesia,13) its website is listed as Tiket.com.
Since 2011, 14)Indonesian start-ups have attracted
investment from wealthy individuals like Martin Hartono, son of Robert
Budi Hartono, the head of Indonesian conglomerate Djarum.
Since he started Global Digital Prima Venture in 2010, 15)Martin has been buying majority and minority
stakes in some of the country’s emerging websites. He made headlines in
January 2011 when 16)GDP Venture acquired a stake in Kaskus,
Indonesia’s biggest community website.
Currently, state-owned telecommunication
firm Telekomunikasi Indonesia is the only Indonesian company that
trades in the United States, on the New York Stock Exchange.
Hon Hai Precision Industry, the
Taiwanese high-tech manufacturer better known as Foxconn
Technology-laden NASDAQ, which counts Microsoft and Apple as listed
firms.
Indonesia is one of the biggest markets for online use, ranking high among users by nation for social media
networks such as Facebook and Twitter.
Tenses :
Ø Simple present tense
He/She/It +
to be (is)
I/You/We/They + verb I
He/She/It + Verb 1 (s/es)
Ø Past future tense
You/They/He/She/It + would + be
Ø Present perfect tense
I/We/You/They + have + been
He/She/It + has + V III
I/We/You/They + have + V III
Ø Present perfect continous tense
He/She/It + has + been + V1 + ing
Ø Simple future tense
They/You/He/She/It + will + be
Ø Past perfect tense
I/You/They/We/She/He/It + had + V III
Ø Simple past tense
I/You/We/They/He/She/It + V II
Source: Jakarta Globe Friday, February 21, 2014
