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Financial Advisory

Our financial goals can only be reached through a vehicle of a plan in which we must fervently believe, and upon which we must vigorously act.

Financial Advisory    |    Fundraising    |    Strategic Planning & Initial Public Offering (IPO) Readiness    |    Transaction Services    |     Other Transaction Services

Financial Advisory

At Visi Capital Indonesia, our Financial Advisory Practice draws on vast experience to help our clients make informed business decisions.

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Maintaining a holistic view of today’s regulatory changes and global risks, our professionals interpret data that helps clients take effective actions at the right time, with good judgment.

Visi Capital Indonesia has been providing organisations with a complete spectrum of services related to financial advisory which enables them to embrace change, grow their business, accelerate performance, and emerge resilient following periods of change, disruption, financial difficulty, or crisis.

The continuity of our multidisciplinary teams at Visi Capital Indonesia ensures thoroughness and efficiency throughout the advisory process. Working together, our professionals leverage Visi Capital Indonesia’s extensive global network and technological resources to provide reports uniquely tailored to each client’s individual risk profile and preferences


Visi Capital Indonesia provides independent advice on the financing of major projects for a wide variety of industries.

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Our extensive network of industry specialists ensures that we are well positioned in adding value to our clients’ capital raising activities. In doing so, we capitalize our network and knowledge of the finance markets to provide our clients with clear analysis of their options and the impact of alternative funding routes for them.

We also provide advisory services in relation to refinancing short term finance with longer term banking or capital market structures to extend a company’s debt maturity profile, increase certainty and broaden the range of funding options. Our services include:

  • Identifying sources of funds,
  • Structuring the optimum deal structure,
  • Detailed technical and analytical analysis,

Strategic Planning & Initial Public Offering (IPO) Readiness

We provide financial advice and insight at every stage of a transaction – from consideration of the strategic options to transaction execution, be it an IPO, acquisition or divestment, restructuring or fast track disposal.

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Our dedicated team has members drawn from the accounting, investment banking, regulatory and broking community, all of whom have an excellent knowledge of the Listing Rules and the regulated market environment, PLC boards and corporate governance structures including market norms as well as key market participants including brokering expertise.

Initial Public Offering (IPO)

What is an IPO?

An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance. An IPO allows a company to raise capital from public investors. The transition from a private to a public company can be an important time for private investors to fully realize gains from their investment as it typically includes a share premium for current private investors. Meanwhile, it also allows public investors to participate in the offering.

  • An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance.
  • Companies must meet requirements by exchanges and the Securities and Exchange Commission to hold an IPO.
  • IPOs provide companies with an opportunity to obtain capital by offering shares through the primary market.
  • Companies hire investment banks to market, gauge demand, set the IPO price and date, and more.
  • An IPO can be seen as an exit strategy for the company’s founders and early investors, realizing the full profit from their private inves

How an Initial Public Offering (IPO) Works

Before an IPO, a company is considered private. As a pre-IPO private company, the business has grown with a relatively small number of shareholders including early investors like the founders, family, and friends along with professional investors such as venture capitalists or angel investors.

An IPO is a big step for a company as it provides the company with access to raising a lot of money. This gives the company a greater ability to grow and expand. The increased transparency and share listing credibility can also be a factor in helping it obtain better terms when seeking borrowed funds as well.

When a company reaches a stage in its growth process where it believes it is mature enough for the rigors of Securities and Exchange Commission regulations along with the benefits and responsibilities to public shareholders, it will begin to advertise its interest in going public.

Typically, this stage of growth will occur when a company has reached a private valuation of approximately $1 billion, also known as unicorn status. However, private companies at various valuations with strong fundamentals and proven profitability potential can also qualify for an IPO, depending on the market competition and their ability to meet listing requirements.

IPO shares of a company are priced through underwriting due diligence. When a company goes public, the previously owned private share ownership converts to public ownership, and the existing private shareholders’ shares become worth the public trading price. Share underwriting can also include special provisions for private to public share ownership.

Meanwhile, the public market opens up a huge opportunity for millions of investors to buy shares in the company and contribute capital to a company’s shareholders’ equity. The public consists of any individual or institutional investor who is interested in investing in the company.

Overall, the number of shares the company sells and the price for which shares sell are the generating factors for the company’s new shareholders’ equity value. Shareholders’ equity still represents shares owned by investors when it is both private and public, but with an IPO, the shareholders’ equity increases significantly with cash from the primary issuance.

The IPO Process

An IPO comprehensively consists of two parts. The first is the pre-marketing phase of the offering, while the second is the initial public offering itself. When a company is interested in an IPO, it will advertise to underwriters by soliciting private bids or it can also make a public statement to generate interest.

The underwriters lead the IPO process and are chosen by the company. A company may choose one or several underwriters to manage different parts of the IPO process collaboratively. The underwriters are involved in every aspect of the IPO due diligence, document preparation, filing, marketing, and issuance.

Steps to an IPO

  • Underwriters present proposals and valuations discussing their services, the best type of security to issue, offering price, amount of shares, and estimated time frame for the market offering.
  • The company chooses its underwriters and formally agrees to underwrite terms through an underwriting agreement.
  • IPO teams are formed comprising underwriters, lawyers, certified public accountants (CPAs), and Securities and Exchange Commission experts.
  • Information regarding the company is compiled for required IPO documentation. Registration Statement is the primary IPO filing document. It has two parts – the prospectus and the privately held filing information.
  • Marketing & Updates. Marketing materials are created for pre-marketing of the new stock issuance. Underwriters and executives market the share issuance to estimate demand and establish a final offering price. Underwriters can make revisions to their financial analysis throughout the marketing process. This can include changing the IPO price or issuance date as they see fit. Companies take the necessary steps to meet specific public share offering requirements. Companies must adhere to both exchange listing requirements and Securities and Exchange Commission requirements for public companies.
  • Board & Processes. Form a board of directors and ensure processes for reporting auditable financial and accounting information every quarter.
  • Shares Issued. The company issues its shares on an IPO date. Capital from the primary issuance to shareholders is received as cash and recorded as stockholders’ equity on the balance sheet. Subsequently, the balance sheet share value becomes dependent on the company’s stockholders’ equity per share valuation comprehensively.
  • Post IPO. Some post-IPO provisions may be instituted. Underwriters may have a specified time frame to buy an additional amount of shares after the initial public offering (IPO) date. Meanwhile, certain investors may be subject to quiet periods.

Advantages of IPO

Seeing the terms and mechanism of the IPO which is quite complicated, of course only certain companies can conduct an IPO. So will companies that have IPOs benefit? Here are the advantages of IPOs that you need to know.

  1. One of the Fast and Precise Ways for Fundraising

One of the biggest advantages for a business is that it can raise funds from the public (investors). The results that can be obtained from the stock offering provide an injection of funds for companies that go public.

This is clearly a huge advantage, considering there are many things companies can execute when their cash increases due to getting new capital. This fund is a very meaningful stimulant for companies that are developing or old companies that want to enter the stock exchange and expand.

They can use it for various purposes, ranging from financing research and development, adding resources, procuring facilities, reducing debt, funding capital strategies, upgrading technology, or for other financing. All of these things have an impact on the company’s growth.

  1. Make it easier for investors and founders to sell their shares

Most companies have investors who have contributed a lot of time, money and other resources in hopes of getting a return on the growth of the company. Unfortunately, these founders and investors often pay little attention to the returns they get.

The transition point to going public is a suitable moment for stakeholders or investors to sell some or all of their shares. Even investors have the opportunity to pocket larger profits when selling their shares at the IPO moment.

  1. Increase Exposure and Credibility

If a company wants to continue to grow and develop, then they certainly need increased exposure to potential customers or investors. The better known, the better the impact for the company.

So when the company is listed on the stock exchange, the company will get exposure because its name is displayed on the stock exchange, thereby potentially encouraging the company’s existence and credibility in the eyes of investors and also the public.

  1. Reducing Overall Cost of Capital

Not infrequently many companies have to pay higher interest rates when receiving loans from banks or handing over ownership to attract funds from investors. At the time of the IPO, the company could significantly overcome this by reducing the overall cost of capital.

Our Offer

We offering the complete process for conducting an IPO which include information memorandum, valuation, financial model, underwriter selection, incentive structuring, investor targeting, listing venue selection, syndicate structuring, security structuring, and offering size and pricing.

Transaction Services

Today’s business environment has demanded an increasing focus on appropriate corporate governance practices.

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Therefore, a greater pressure is being applied on companies to ensure that proper due diligence process is undertaken in any major business decisions. In this case Visi Capital Indonesia able to help enhance the success of a deal by investigating its potential vulnerabilities.

We look deeper than a tick-box exercise to really understand the client’s exposures by:

  • Providing clients with the information they need to assess the background, reputation, and integrity of any businesses before entering into a substantial financial relationship.
  • Assessing the target’s quality of earnings, including the identification of overly aggressive accounting policies.
  • Analyzing cash flows (e.g., working capital changes and capital expenditures).
  • Reviewing on and off-balance sheet assets and liabilities.
  • Identifying key business drivers, trends in profitability, and significant concentrations of risk.
  • Evaluating management’s forecast.

Our highly focused approach has enabled us to quickly identify & understand the potential deal breakers, value drivers and other areas of specific interest to our clients. We pride ourselves in our ability to work closely with our clients to ensure that we make the financial due diligence process as seamless and possible for them.

Other Transaction Services

Providing strategic, focused and value-added advisory services

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The most successful transactions are built on the efficient coordination of knowledgeable resources in tight timeframes – while focusing on key value drivers and minimising or managing risk.

Our people are trained to identify, understand and communicate key value drivers, risks, and the opportunities that matter most to our clients. We concentrate on strategic objectives, negotiation opportunities and operational efficiencies in defining the service appropriate to each engagement.

Our services include:

  • Business Plan Preparation/Review
  • Financial Modelling (including Model Review)
  • Financial Projection Review
  • Feasibility Study