NusaTrip Incorporated Announces Pricing of $15 Million Initial Public Offering

Company Overview - NusaTrip Incorporated is a travel ecosystem specializing in Southeast Asia and Asia-Pacific, established in 2015 and headquartered in Jakarta, Indonesia [6] - The company focuses on acquisitions of offline travel agencies as a key growth strategy, having completed acquisitions of VLeisure and VIT in Vietnam [6] - NusaTrip aims to facilitate both inbound and outbound travel, connecting travelers from around the world to Southeast Asia and vice versa [6] Initial Public Offering (IPO) Details - NusaTrip announced the pricing of its IPO, offering 3,750,000 shares of Common Stock at $4.00 per share, totaling $15.0 million in gross proceeds [1][2] - The underwriter has a 45-day option to purchase an additional 562,500 shares to cover over-allotments, which is 15% of the shares sold in the offering [2] - The shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol "NUTR" on August 15, 2025, with the offering expected to close around August 18, 2025 [2] Management Statements - CEO Raynauld Liang expressed excitement about launching NusaTrip as a public company, highlighting the IPO as validation of their business model [4] - CEO Tjin Patrick Soetanto indicated that the IPO funds will be used to further establish and expand their unique business model, which focuses on sourcing the cheapest fares and rates for customers [4] Legal and Regulatory Information - A registration statement on Form S-1 was filed with the U.S. SEC on March 21, 2025, and was declared effective on August 8, 2025 [4] - The offering is being made only by means of a prospectus that forms part of the effective registration statement [4]