AvantGarde Capital is pleased to announce the initial public listing of PT WIR Asia Tbk (“WIR”), leader in metaverse technology company in Indonesia in the Jakarta Stock Exchange (JKSE) for IDR 393 Bn.
WIR is the South East Asia leading augmented reality technology solution company originated from Indonesia with deployed projects to more than 20 countries globally. Through its 3 strategic business units, WIR offers comprehensive metaverse products and services such as 3D AR experiences, virtual shopping experiences, and IoT kiosks. WIR has received multiple global recognitions as metaverse player including from Forbes.com Georgia as one of the metaverse tech companies to watch along with Apple, Microsoft, Facebook, Magic Leap, Niantic, and Snap.
In this IPO transaction, AvantGarde Capital acted as the joint financial adviser to WIR. Together with our partner, we managed the transaction in a timely manner and provide comprehensive documentation of the transaction. This transaction marks our first step into the technology industry as appetite for the sector is predicted to grow exponentially in years to come.
