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Blue Bird Listed on IDX with Ticker Code
Blue Bird Listed on IDX with Ticker Code BIRD
Blue-Bird-IPO-2014a

BIRD

The company has issued 376,500,000 shares

with a price of Rp 6,500 per share
Jakarta, 5 November 2014
PT Blue Bird Tbk ( Blue Bird ), an integrated service prov
ider with 15 subsidiaries engaged in passenger and land transportation services,
is now officially listed on the Indonesia Stock Exchange (IDX) with the ticker
code BIRD . Blue Bird issued 376,500,000 shares, or equal to 15% of issued and paid
up share capital after the public offering. The price per share is Rp 6,500.
The company stock listing was conducted after Blue Bird received the go-ahead fr
om the Financial Services Authority (OJK) to hold the initial public offering (I
PO) on 29 October 2014. With the offering price mentioned above, the total funds
raised by BIRD has reached more than Rp 2.447 trillion. The funds raised from th
e initial public offering will be used to further expand the BIRD portfolio, said
Purnomo Prawiro, President Director of PT Blue Bird Tbk while attending the lis
ting day at the IDX.
Blue-Bird-IPO-2014b
Blue Bird has previously conducted successful roadshows in seven financial citie
s: Jakarta, Kuala Lumpur, Singapura, Hongkong, London, New York, and Boston. At
the end of the book building period, the company s stock was oversubscribed.
President Director of PT Blue Bird Tbk Purnomo Prawiro explains, The trust and pr
osperity of our stakeholders, including investors, are vital to ensuring Blue Bi
rd s business sustainability. We hope the Blue Bird IPO will be a good start to bu
ilding our relationship with investors and the public. With the funds gained fro
m the IPO, Blue Bird will not only be able to bring to fruition its expansion pl
ans, but it will also enable us to bolster growth and maintain our long-term per
formance.
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Of the funds gained from the IPO, around 53.04% will be used to refinance debt,
while the remaining 46.96% will be used for working capital of the company and i
ts subsidiaries.
Financially speaking, Blue Bird routinely displays positive performance, as demo
nstrated by the company s robust net revenue increasing to Rp 3.921 billion as of
31 December 2013, up from Rp 2.564 billion in 31 December of 2011 with a Compoun
d Annual Growth Rate (CAGR) amounting to 23.7%.
From an industry standpoint, Euromonitor predicts that the market for taxi servi
ces in Indonesia measured by the Value of Consumer Consumption will grow 16.4% i
n CAGR to Rp 12.9 trillion by 2016.
With the company s recent performance and the industry s promising prospects, as well
as through the support gained from holding our IPO, we believe Blue Bird will b
e able to continue to provide the best transportation services around for Indone
sians, Purnomo said.
Acting as the underwriters for the Blue Bird IPO are PT Danareksa Sekuritas, PT
Credit Suisse Securities Indonesia, and PT UBS Securities.