Superbank Makes History with Largest Digital Bank IPO in Indonesia

Historic Listing on IDX

PT Super Bank Indonesia Tbk (SUPA), backed by major technology players including Grab, Emtek, Singtel, KakaoBank, and GXS, made history by becoming the largest digital bank to list on the Indonesia Stock Exchange (IDX) on December 17, 2025 ¹

. The IPO was priced at Rp635 per share, with 4.4 billion shares offered, representing 13% of the company's post-IPO paid-up capital ²

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https://investasi.kontan.co.id/news/superbank-supa-resmi-melantai-di-bursa-jadi-ipo-terbesar-di-sektor-bank-digital

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Financial Highlights

The IPO successfully raised Rp2.79 trillion, significantly surpassing previous digital bank IPOs in Indonesia. For comparison, Bank Jago (ARTO) raised Rp31.84 billion in 2016, while Bank Neo Commerce (BBYB) and Allo Bank (BBHI) raised Rp34.50 billion and Rp100 billion respectively in 2015 ²

. More recently, Bank Aladin Syariah (BANK) raised Rp515 billion in 2021.

Business Expansion Plans

The funds raised will be strategically allocated to support Superbank's growth plans. 70% of the proceeds will be used for working capital, specifically to enhance credit distribution to underbanked retail and MSME segments, which remain Superbank's primary growth focus ¹

. The remaining 30% will be allocated for capital expenditures, including development of digital payment systems, technology infrastructure upgrades, and long-term investments in AI, data analytics, and cybersecurity.

Strong Performance Metrics

Superbank's listing comes on the back of impressive performance metrics. As of October 2025, the bank reported Rp102 billion in pre-tax profit, driven by a 173% year-on-year growth in net interest income to Rp1.3 trillion. Total assets grew by 72% year-on-year to Rp17.6 trillion, while third-party funds (DPK) surged 168% to Rp10.6 trillion and total loans increased by 70% to Rp9.1 trillion ¹

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Digital Banking Innovation

Since launching its digital application in June 2024, Superbank has acquired over 5 million customers, demonstrating strong market traction. The bank has introduced innovative products such as OVO Nabung by Superbank, an integrated savings feature collaborating with Grab and OVO, and Kartu Untung, a gamified savings product developed in partnership with KakaoBank. These innovations have contributed significantly to the bank's rapid growth and market positioning.

Future Prospects

With its strong ecosystem backing and robust financial performance, Superbank is well-positioned for its next growth phase as a publicly listed company. The bank is preparing various initiatives and collaborations with its major shareholders, particularly Grab and OVO, to further expand its digital banking capabilities and financial inclusion efforts in Indonesia.