Merry Riana Edukasi opens at 172 rupiah IPO at 128 rupiah

Merry Riana Edukasi opens at 172 rupiah IPO at 128 rupiah

PT Merry Riana Edukasi Tbk, a prominent Indonesian education technology company, successfully completed its Initial Public Offering (IPO) on July 02, 2025. The IPO raised IDR 30.09696 billion, with shares priced at 128 rupiah each. Upon opening, the stock traded at 172 rupiah, marking a significant increase from the IPO price.

The company's shares were listed on the Indonesia Stock Exchange under the ticker symbol "MERRI". The IPO was well-received by investors, with the stock experiencing robust demand and trading at a premium to its IPO price. The strong opening suggests a positive sentiment towards the company's growth prospects and market potential.

PT Merry Riana Edukasi Tbk specializes in providing educational technology solutions, including online learning platforms and digital content. The company's focus on leveraging technology to enhance educational outcomes has positioned it as a key player in the rapidly growing edtech sector in Indonesia. The IPO is expected to provide the company with additional capital to expand its services, invest in new technologies, and enter new markets.

As of the close of trading on July 02, 2025, PT Merry Riana Edukasi Tbk's stock price was 172 rupiah, representing a 35% increase from the IPO price. The stock's performance indicates investor confidence in the company's business model and growth potential.

[1] https://www.marketscreener.com/quote/stock/PT-MERRY-RIANA-EDUKASI-TB-191409917/quotes/