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Technology

Indonesian 'digital reality' company WIR Group plans IPO next year

Management aims to raise up to $50m to expand businesses including AR

WIR Group has a slew of businesses under its umbrella, including augmented reality gaming.    © Reuters

JAKARTA -- WIR Group, which leads a slew of media and technology companies in Southeast Asia, is looking to raise $40 million to $50 million through an initial public offering, its co-founder and group executive chairman Daniel Surya told DealStreetAsia in an exclusive interview.

The Jakarta-headquartered company plans to make a debut on the Indonesian Stock Exchange (IDX) in 2020 and "start preparations soon," added Surya.

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