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Fore Coffee's IPO Surges 200x, Plans 140 New Outlets

4/11/2025

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Summary

Story summary

Fore Coffee's IPO drew 114,873 investors, oversubscribed by 200 times, raising 353.44 billion rupiah ($21 million).
The company aims to launch 140 new outlets in Indonesia within two years, emphasizing domestic growth.
Fore Coffee's revenue doubled in 2024, projecting 40-50% growth for the current year.
The IPO price was set at 188 rupiah per share, with trading debut on April 14, 2025.

History

Historical Context

Fore Coffee's IPO success mirrors the coffee industry's resilience since the 1989 collapse of the International Coffee Agreement. This historical shift allowed new players like Vietnam to dominate supply, reshaping markets. Fore Coffee's rapid expansion reflects a modern trend of local growth amidst evolving global dynamics in coffee consumption.

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Story summary

Fore Coffee's IPO drew 114,873 investors, oversubscribed by 200 times, raising 353.44 billion rupiah ($21 million).
The company aims to launch 140 new outlets in Indonesia within two years, emphasizing domestic growth.
Fore Coffee's revenue doubled in 2024, projecting 40-50% growth for the current year.
The IPO price was set at 188 rupiah per share, with trading debut on April 14, 2025.

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