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IPO STOCK - JAKARTA. PT Surya Semesta Internusa Tbk (SSIA) has announced the latest news regarding its subsidiary, PT Horizon Internusa Persada or Travelio.com, which will conduct an initial public offering (IPO).
Vice President of Investor Relations Surya Semesta Internusa Erlin Budiman stated, the purpose of Travelio conducting an IPO is, among other things, to implement the company's strategic plan or exit strategy.
“Indeed, for startups, there is always an exit strategy. From the beginning of Travelio, the IPO has become one of its exit strategies," said Erlin, through Youtube Indonesia Investment Education (IIE), broadcasted on Monday (22/1).
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However, Erlin has not yet explained in depth and detail about the development of the Travelio.com IPO. Even so, Travelio.com plans to continue to be listed on the Indonesia Stock Exchange (BEI).
“If the valuation can be done quite well, we will consider it,” he said.
Not only that, he also explained that Travelio's performance during the Covid-19 pandemic was still very good. He mentioned that Travelio recorded a gross merchandise value (GMV) of IDR 552 billion. This figure increased by 24% compared to 2022.
“So we project Travelio's GMV to increase by 30% or IDR 718.14 billion in 2024," he said.
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After the pandemic, he said that Travelio experienced growth in the number of renters from all types of renters, ranging from daily, monthly, and yearly. Undeniably, the improving trend of tourism and the growth of consumption levels have become positive sentiments.
The number of daily renters has grown more than 2.5 times compared to the pandemic period. Meanwhile, the number of monthly renters also increased more than 3.5 times compared to the pandemic period.
Meanwhile, the number of annual renters grew more than 7.5 times compared to the pandemic period.
Therefore, Erlin is optimistic that the management of apartments at Travelio can increase to 16,189 units in 2024. Considering that in 2023, Travelio had already managed as many as 14,234 apartment units.
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For information, Travelio is a technology startup company that allows its users to rent properties such as apartments, rental houses, and villas.
