Summary: | An initial public offering (IPO) or stock market launch is the first sale
of stock by a company to the public. One of companies that did IPO in
Indonesia is PT. Dian Swastatika Sentosa Tbk (PT. DSS Tbk). This study is
trying to explain several issues, among other: How the IPO implementation of
PT. DSS Tbk reviewed by Law of Capital Market and Law of Mineral and
Coal Mining? What kind the barriers in IPO implementation of PT. DSS Tbk
and how the role of the Indonesia Capital Market and Financial Institution
Supervisory Agency (Bapepam-LK) to handle the barriers? How does the IPO
of PT. DSS Tbk influence on the coal mining productivity?
This study is using the empirical juridical approach, which is a study
based on some related regulations reviewing. In the IPO process, PT. DSS
Tbk had fulfilled the Article 70 Section 1 of Law Number 8 of 2009
concerning on Capital Market that PT. DSS Tbk had submitted of the
registration statement to Bapepam-LK to offer or sale of stock to public.
Besides that, PT. DSS Tbk also had fulfilled the Article 93 Section 1 and 2 of
Law Number 4 of 2009 concerning on Mineral and Coal Mining that PT. DSS
Tbk doesn�t changed the composition of the company's stock of Mining
Permit Holders.
The study results shows that the IPO PT. DSS Tbk starting from the
preparation step, filing of the registration statement step, the public offering
step (the primary market) and the listing of stock on the Stock Exchange, shall
be exercised under provisions of related laws and regulations, Law Number 8
of 2009 concerning Capital Market and Number 4 of 2009 concerning Mineral
and Coal Mining. IPO PT. DSS Tbk positively could influence on the
productivity of coal mining. After IPO, there is coal production upgrading.
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