NusaTrip Incorporated Announces Closing of 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 is focused on mergers and acquisitions of offline travel agencies as a key growth strategy, having already acquired VLeisure and VIT in Vietnam [6] Initial Public Offering (IPO) - NusaTrip closed its initial public offering of 3,750,000 shares at a price of $4.00 per share, raising a total of $15.0 million in gross proceeds [1][2] - The shares began trading on the Nasdaq Capital Market under the symbol "NUTR" on August 15, 2025 [2] Use of Proceeds - The net proceeds from the offering will be used for market expansion, merger and acquisition initiatives, and general corporate purposes [2] Market Potential - The CEO of NusaTrip highlighted the favorable conditions in the online travel market in Southeast Asia, citing increasing disposable income and internet penetration [3] - A study by Statista projected that Southeast Asia's online travel market will grow from $46 billion in 2024 to $79 billion by 2030, representing a compound annual growth rate (CAGR) of 9.4% [3] Strategic Vision - The controlling shareholder of NusaTrip expressed confidence in the company's potential for accelerated growth in the online travel market [4] - NusaTrip aims to facilitate inbound travel to Southeast Asia and outbound travel from the region to the rest of the world [6]