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Bukalapak to raise IDR 21tn in Indonesia's biggest IPO yet

  • Indonesia
  • 4 min read
  • Jul 09, 2021
  • By Putu Agung Wija Putera
Bukalapak to raise IDR 21tn in Indonesia's biggest IPO yet

© 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

00:00/00:00
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 plans to use...
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IN THIS INSIGHT
Bukalapak

Startup

Bukalapak

Indonesia

Achmad Zaky

Founder

Achmad Zaky

Co-founder and ex-CEO of Bukalapak

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Co-founder and CTO of Bukalapak

Muhamad Fajrin Rasyid

Founder

Muhamad Fajrin Rasyid

Co-founder and CFO of Bukalapak

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