DCI Indonesia goes public, data center shares soar 25% on first day
DCI Indonesia (DCII), one of the country’s leading data center operators, went public on the Indonesia Stock Exchange (IDX) on Wednesday, 6th January 2021.
DCII released 357 million new shares in its IPO with an offering price of $0.030 (Rp 420) per share. This is equivalent to 15% of the company’s issued capital and paid-up capital.
Upon its debut on the IDX, DCII’s shares rose 25% to $0.038 (Rp 525) per share.
CEO Toto Sugiri said that the decision to go public is part of the company’s growth strategy. As the global demand for cloud technology continues to rise, the hyperscale data center industry in Indonesia is expected to benefit greatly from this boom.
Toto Sugiri also announced that in the first quarter of 2021, the company will operate four more data centers with a total capacity of 37 Megawatt (MW) in Indonesia to meet the market demand.
“The data center market is estimated to have a total capacity of 72.5 MW by the end of 2020 and according to the projections of Structure Research it will continue to grow with a CAGR of 22.3% over the next five years,” he pointed out.
Established in 2011 and operating since 2013, DCII is the first Tier IV certified data center provider in Southeast Asia.