NusaTrip prices $15 million IPO at $4 per share

NusaTrip Incorporated (NASDAQ: NUTR) announced the pricing of its initial public offering of 3,750,000 shares at $4.00 per share, generating $15 million in gross proceeds before underwriting discounts and expenses.

The Jakarta-based travel company has granted underwriter Cathay Securities a 45-day option to purchase up to 562,500 additional shares to cover over-allotments at the offering price less underwriting discounts.

The shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol "NUTR." The offering is expected to close on or about August 18, 2025, subject to customary closing conditions.

NusaTrip operates as a travel ecosystem specializing in Southeast Asia and Asia-Pacific markets. The company was established in 2015 and focuses on mergers and acquisitions of offline travel agencies as part of its growth strategy.

"We look forward to utilizing these IPO funds to further establish and expand our unique business model," said CEO Tjin Patrick Soetanto.

The company has completed acquisitions of VLeisure and VIT, both travel companies in Vietnam, and is currently seeking to acquire travel agencies in China, Hong Kong, Philippines, Thailand, Singapore, Malaysia, India, and UAE.

NusaTrip holds International Air Transport Association accreditation, which the company states makes it the first Indonesian-based online travel agent to receive such certification.

A registration statement relating to the shares was filed with the Securities and Exchange Commission on March 21, 2025, and declared effective on August 8, 2025.

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