Superbank, the Indonesian digital bank backed by Grab, Singtel, and local media and technology group Emtek, has launched an initial public offering on the Indonesia Stock Exchange, targeting up to IDR 3.06 trillion in proceeds. The IPO follows a third quarter in which the bank reported reaching 5 million customers, a pre-tax profit of IDR 80.9 billion for the nine months to September, and credit disbursement of IDR 9.04 trillion.
The Q3 2025 credit disbursement figure of IDR 9.04 trillion represented an 84% increase compared with the equivalent period a year earlier. Third-party funds (deposits) rose 203% year on year to IDR 9.8 trillion, and average daily transactions rose more than 40% quarter on quarter, supported by the OVO Nabung savings product, which is linked to Grab's OVO digital payments platform.
OVO NABUNG AND IPO TIMETABLE
The OVO Nabung savings integration allows users of the OVO digital wallet to open savings accounts with Superbank directly within the OVO application.
The bookbuilding period runs from 25 November to 1 December 2025, with listing on the Indonesia Stock Exchange scheduled for 17 December 2025.
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