Indonesia Energy Corp Ltd

Indonesia Energy Corp Ltd (INDO) priced its initial public offering on Dec 23, 2019 at $11.00 per share, within its $9.00–$11.00 range, and listed on NYSE American. At the IPO price its market capitalization was about $81M. Aegis Capital was lead-left underwriter. Ellenoff Grossman & Schole and Ogier advised the company and Loeb & Loeb advised the underwriters.

Indonesia Energy Corp Ltd is a Cayman Islands holding company that conducts oil and gas exploration and production in Indonesia through wholly owned subsidiaries. Its stated mission is to manage targeted profitable energy resources in Indonesia efficiently.

Status

IPO

Ticker

INDO

Exchange

NYSE American

Priced

Dec 23, 2019

IPO price

$11.00

Price range

$9.00–$11.00

Market cap at IPO price

$81M

First filed

Jul 30, 2019

Underwriters

Aegis Capital

Company counsel

Ellenoff Grossman & Schole and Ogier

Underwriters' counsel

Loeb & Loeb

Sector

Energy, mining & utilities

Country / state

Indonesia

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.