Fore Coffee's IPO Oversubscribed by 200.63 Times
Deal News | Apr 14, 2025 | East Ventures
PT Fore Kopi Indonesia Tbk, popularly known as Fore Coffee, made a remarkable debut on the Indonesian stock exchange, with its initial public offering (IPO) being oversubscribed by an astounding 200.63 times. This unprecedented demand highlights investor enthusiasm for Indonesia’s premium yet affordable coffee chain. As a result, Fore Coffee's shares hit the upper Auto Reject (ARA) limit on their first trading day. This significant IPO success is backed by East Ventures, a prominent venture capital firm, which has been instrumental in supporting Fore Coffee's rapid expansion in the growing coffee market of Indonesia.
Sectors
- Food and Beverage
- Finance and Investment
Geography
- Indonesia – Fore Coffee operates in Indonesia, and the IPO took place on the Indonesian stock exchange, making it a significant event for the country's financial and consumer market.
Industry
- Food and Beverage – The article relates to Fore Coffee, a coffee chain, and its impact in the Indonesian beverage market, indicating its success through the IPO.
- Finance and Investment – The article discusses an IPO event and the involvement of East Ventures, highlighting its role in securing investment and fueling Fore Coffee's growth.
Financials
- Oversubscribed by 200.63 times – The level of oversubscription indicates an enormous demand from investors for Fore Coffee's shares during the IPO.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PT Fore Kopi Indonesia Tbk | Target Company | Company | Fore Coffee is a premium affordable coffee chain based in Indonesia, known for its significant presence in the Indonesian beverage market. |
| East Ventures | Investor | Company | East Ventures is a venture capital firm that has invested in Fore Coffee, supporting its growth and successful IPO. |