Expected post‑IPO float
The IPO adds 3,750,000 new common shares to the market. Assuming NusaTrip’s pre‑offering outstanding share count is in the 10‑12 million‑share range (typical for a Southeast‑Asian travel platform at this stage), the total shares after the offering will be roughly 13.5‑15 million. The new float therefore represents ≈ 25‑30 % of the total share base – a sizable but not dominant portion of the company’s equity.
Liquidity and price‑volatility implications
Because the float is relatively modest, daily trading volume is likely to be thin in the first weeks. A thin float means that even modest order flow can move the market, so price volatility will be elevated until a stable trading pattern emerges. The $4.00 offering price translates to a $15 million gross raise, giving the stock a market‑cap of roughly $55 million post‑IPO. In a market where the float is under 30 % of total shares, the liquidity pool will be constrained, and any large institutional or retail demand surge could trigger sharp price spikes or drops.
Actionable trading take‑aways
- Expect a wide bid‑ask spread and higher intraday swings – set wider stop‑loss buffers (e.g., 5‑7 % from entry) to avoid premature exits on normal volatility.
- Focus on order‑flow cues – monitor the depth of the order book and the size of executed trades; a series of larger blocks hitting the market will likely drive the price away from the $4.00 reference level.
- Short‑term bias – in the early post‑IPO window, a bias toward short‑term mean‑reversion is prudent; buying on a dip below $4.00 can be attractive if the float‑driven sell‑pressure eases, while taking profits on rallies above $4.50‑$4.75 may lock in gains before the next liquidity‑driven correction.
Overall, the modest float will keep liquidity tight and price volatility high in the near term, rewarding traders who can read order‑flow dynamics and manage risk with appropriately sized stops.