RANS Entertainment Goes Public, Raises Rp429.25 Billion in IPO

JAKARTA, Jakartaweekly.com — PT RANS Entertainment Indonesia Tbk officially listed its shares on the Indonesia Stock Exchange (IDX) on Friday, July 10, 2026, offering 2.525 billion new shares to the public through its initial public offering (IPO).

RANS Entertainment President Director Nagita Slavina said the newly issued shares represent 20.02% of the company’s issued and fully paid-up capital. Priced at Rp170 per share, the IPO raised Rp429.25 billion (approximately US$26 million) in fresh capital.

“RANS shares opened higher on their first day of trading. Investor enthusiasm was evident during the IPO period, which was oversubscribed, with nearly one million investors participating in the share subscription process,” Nagita said in a press statement on Friday.

She said the proceeds from the IPO will primarily be used to support the company’s business expansion. The largest allocation, around Rp161.5 billion, or 37.61% of the total funds raised, will be used to finance concert and live entertainment businesses.

Another Rp85 billion will be allocated to acquire a 51% stake in PT Rans Kosmetika Indonesia. The company will also invest Rp80 billion to develop Cipungland, its children’s educational and entertainment park.

Other planned investments include Rp35 billion for a joint venture focused on artificial intelligence with PT Feedloop Global Teknologi, Rp29.95 billion to partially repay investment loan facilities, and Rp37.8 billion to strengthen the working capital of PT Rans Nikmat Sejahtera.

Nagita said the stock market debut marks a new milestone for the company, which began in 2016 as a digital content channel. According to her, RANS aims to demonstrate that a business born from the creator economy can evolve into a professionally managed public company while maintaining high standards of corporate governance.

“Indonesia has extraordinary creative talent. The next challenge is how to transform that creativity into intellectual property, professionally managed companies, and ultimately create sustainable jobs and long-term economic value. We hope RANS’ journey can serve as an example that this is not only possible but achievable,” Nagita said.

RANS founder Raffi Ahmad said becoming a publicly listed company marks the beginning of a new phase of growth. He said public company status requires RANS to operate with higher standards of transparency and accountability toward shareholders and the broader public.

Founded in a home garage in 2016, RANS has grown into a media and entertainment company with businesses spanning digital media, intellectual property (IP) development, consumer products, live entertainment, and artificial intelligence-based technology. The company said it has collaborated with more than 300 brands as part of its business expansion.