FOOTBALL IN STOCK EXCHANGE : BALI UNITED

The first Football Club to go public in Southeast Asia, meet with BALI UNITED, In the initial public offering (IPO) BOLA released 2 billion shares or 33.33% of the company's placed and paid-up capital at Rp 175 per share. During the book-building period from June 10 to 12, 2019 in Denpasar, Bali, the shares were oversubscribed by 110 times. The IPO funds will be allocated to investment, strengthening the capital structure of the company's subsidiaries, and as working capital.

Pic 1 IPO of BOLA (PT BALI BINTANG SEJAHTERA TBK)

6 Month passed, and Bali United had lead 13 Points from closest rival PERSIPURA and MADURA Utd. Unfortunately, the stock market not respond positive the achievement by as it showing month by month prices of the stock is getting decreases from 385 into 356 or in this 6 months performance of BOLA stock negatively 29 indonesia rupiahs.

                

      Pic 2 Current Indonesian First League position VS Stock Price

Meanwhile, BALI UNITED as the second Club in Asia that listed in stock market. If we compare the first Football Club in Asia, GUANGZHOU EVERGRANDE, it seems that ASIAN Market investors is not responded well whatever happens to the Club in current position by weekly basis. We will do review once again the stock prices when the league is on Final Week.

Pic 3 Current Chinese Super League position VS Stock Price