The super app developer’s experience as a new public company may serve as a reference for other businesses that are eyeing ticker symbols in the United States.

The firm is set to raise its Series B round in 2022, aiming to close by the middle of the year.

The startup’s compact motorcycle storage system is available at 20 locations in Jakarta, Bandung, and Yogyakarta.

The firm provides services to companies such as travel platform Trip.com and fast fashion upstart Shein.

Indonesia-based J&T has quickly expanded into Southeast Asia, but China is now its main target.

After Nadiem Makarim, more tech executives have switched over to the public sector, with the latest being Bukalapak’s Rachmat Kaimuddin.

The firm currently monetizes its service by charging 8% on top of tickets that are sold via its platform.

The data breach could provide resources to criminals who impersonate victims to conduct illegal activities.