SEA Deal Ticker
A celebrity brand goes public: RANS jumps 34% on Jakarta debut after a million retail orders
PT RANS Entertainment Indonesia, founded by Raffi Ahmad and Nagita Slavina, raised Rp429 billion (~$26M) selling 20% of its capital; the stock closed its IDX debut up 34.12%, tripping the exchange's volatility halt.
Positive-sum angle: The million-plus subscription accounts show Indonesia's retail base can now underwrite home-grown consumer brands — a public-market exit that doesn't route through a foreign listing or a private secondary.