Myohdotcom to go public

Myohdotcom to go public

JAKARTA (JP): Software developer PT Myohdotcom Indonesia Tbk
will launch its initial public offering (IPO) next month to raise
funds to finance its expansion.

The company's chief commissioner Jaegopal Hutapea said here
early this week that the company will sell between 150 million
and 250 million shares during the public offering.

He said that the shares, with a nominal value of Rp 25, will
be sold up to Rp 250 per share. "We expect to raise between Rp
252.2 billion (about US$30 million) to Rp 267.2 billion from the
IPO," he said.

Myohdotcom, which develops DOS based hotel management software
and other software related to business management, plans to list
its shares on the Surabaya stock exchange after the IPO. (bkm)