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Fore Coffee Targets $23 Million IPO for Expansion

3/22/2025

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Summary

Story summary

Fore Coffee is set to launch an IPO on the Indonesia Stock Exchange, targeting Rp 379.8 billion ($23 million) through 1.88 billion shares.
The company plans to use 76% of the IPO funds to open 140 new outlets within two years.
Since its inception in 2018, Fore Coffee has expanded to 217 outlets, showing strong financial growth in 2024.
The Indonesian coffee market is expected to grow at an 11% CAGR, offering significant expansion opportunities for Fore Coffee.

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Story summary

Fore Coffee is set to launch an IPO on the Indonesia Stock Exchange, targeting Rp 379.8 billion ($23 million) through 1.88 billion shares.
The company plans to use 76% of the IPO funds to open 140 new outlets within two years.
Since its inception in 2018, Fore Coffee has expanded to 217 outlets, showing strong financial growth in 2024.
The Indonesian coffee market is expected to grow at an 11% CAGR, offering significant expansion opportunities for Fore Coffee.