NusaTrip prices IPO at $4 per share, raising $15 million

JAKARTA - Indonesian travel ecosystem NusaTrip Incorporated (NASDAQ:NUTR) announced today the pricing of its initial public offering of 3,750,000 shares of common stock at $4.00 per share, raising $15 million in gross proceeds before deducting underwriting discounts and offering expenses. The stock is currently trading at $4.50, representing a 12.5% premium to its IPO price.

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

NusaTrip has granted the underwriter, Cathay Securities, Inc., a 45-day option to purchase up to an additional 562,500 shares to cover over-allotments, representing 15% of the shares sold in the offering.

Established in 2015 and headquartered in Jakarta, NusaTrip specializes in travel services across Southeast Asia and Asia-Pacific regions. The company was the first Indonesian-based online travel agent to receive International Air Transport Association accreditation. According to InvestingPro data, NusaTrip generated revenue of $0.92 million in the last twelve months, maintaining an impressive gross profit margin of 98.95%. The company’s overall financial health is rated as FAIR, with current assets covering 74% of short-term obligations.

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

NusaTrip’s controlling shareholder is Society Pass, whose CEO Raynauld Liang stated the IPO "validates our proven business model of incubating fast growing technology companies in Southeast Asia."

The company pursues an acquisitions-focused growth strategy, having already completed acquisitions of Vietnamese travel companies VLeisure and VIT.

A registration statement relating to the offering was declared effective by the SEC on August 8, 2025, according to the company’s announcement.

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