Bukalapak to raise IDR 21tn in Indonesia's biggest IPO yet
- Indonesia
- 4 min read
- Jul 09, 2021
- By Putu Agung Wija Putera
© Bukalapak
Although trailing rivals Tokopedia and Shopee in market share, Bukalapak cut its losses last year and will be Indonesia’s first unicorn to go public
Indonesian e-commerce unicorn Bukalapak has officially announced its plans to raise up to IDR 21.9tn in the Indonesian Stock Exchange (IDX), the biggest share issue in Indonesia’s history. The 11-year old startup will be the first Indonesian tech unicorn to be listed in the exchange.
Bukalapak will offer up to 25% of its shares in the public market at a price range of IDR 750–850 per share. Book building will take place from July 9 to 19, and the initial public offering will be from July 28 to 30. The company expects to have its shares listed on the exchange on August 9.
The company plan...
Bukalapak will offer up to 25% of its shares in the public market at a price range of IDR 750–850 per share. Book building will take place from July 9 to 19, and the initial public offering will be from July 28 to 30. The company expects to have its shares listed on the exchange on August 9.
The company plan...
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