IPOs & Markets
At the previously reported deal size of $2 billion, it would be SE Asia’s biggest IPO so far this year.
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This will be the second nickel firm in Indonesia to go public this year after PT Trimegah Bangun Persada.
Analysis
Bukalapak posted losses in all quarters of 2022 except Q1.
Venture Capital
The company plans to use the funding for geographic expansion
After the IPO, Harita’s ownership will be reduced to 81.18%.
Policy & Regulations
The possible additions will take the total number of OJK commissioners to 11.
This would be one of the first debt deals by a major bank in Asia since SVB’s collapse.
Deals
A sale could value the Indonesian unit at several hundred million dollars, Bloomberg reported.
This edition also looks at Maribank and BliBli’s wealth management play.
The company may raise $25-30m if the talks succeed.
