NusaTrip, an Indonesia-based online travel agent spun out of Society Pass, filed on Tuesday with the SEC to raise up to $12 million in an initial public offering.
The Jakarta, Indonesia-based company plans to raise $12 million by offering 2.7 million shares at a price range of $4 to $5. At the midpoint of the proposed range, NusaTrip would command a market value of $77 million.
NusaTrip is a travel ecosystem with geographical specialization in the Southeast Asia (SEA) and Asia-Pacific (APAC) regions. The company states that it is the first Indonesian-based online travel agent to receive International Air Transport Association accreditation.
NusaTrip was founded in 2015 and booked $2 million in revenue for the 12 months ended September 30, 2024. It plans to list on the Nasdaq under the symbol NUTR. The company filed confidentially on December 29, 2023. Cathay Securities is the sole bookrunner on the deal.
