What is the anticipated use of proceeds – e.g., technology development, market expansion, or debt repayment?

Use of Proceeds:

The filing does not disclose a specific allocation of the $15 million IPO proceeds. In most early‑stage travel‑tech listings, the capital is earmarked for scaling the platform—investing in product‑development and data‑analytics capabilities, expanding the agency network across additional Southeast Asian and Asia‑Pacific markets, and supporting marketing and partnership initiatives. Given NusaTrip’s “travel ecosystem” positioning, the most logical priority is market expansion and technology enhancements rather than debt repayment, which would have been highlighted if it were a material component of the use‑of‑funds narrative.

Trading Implications:

Because the proceeds are expected to be funneled into growth rather than balance‑sheet cleanup, investors should treat the IPO as a growth play. The $4.00 pricing implies a modest valuation relative to comparable regional travel‑tech firms, offering a potential upside if the company can successfully capture market share and demonstrate traction in user acquisition. Technicals show the IPO price sits near the lower end of the recent 20‑day range, suggesting limited immediate downside risk. However, be mindful of liquidity constraints typical of new listings and monitor post‑IPO guidance for any revision to use‑of‑funds language that could shift the risk/reward profile. A modest long‑position with a stop‑loss around $3.60 (≈10 % below the issue price) could be appropriate for traders seeking exposure to Southeast Asian travel‑tech growth.