Exclusive: Indonesia’s online retailer Bhinneka revises IPO plan, may go public in 2018

Exclusive: Indonesia’s online retailer Bhinneka revises IPO plan, may go public in 2018

Photo: Bhinneka's Facebook page

PT Bhinneka Mentari Dimensi, Indonesia’s oldest online retailer, has revised its initial public offering (IPO) plans and may go public as soon as next year, its CEO told this portal.

“We are looking at an IPO earlier than our announced target of 2020. We may look at 2018 and plan to raise not more than $100 million through the IPO,” said Bhinneka Mentari Dimensi CEO Hendrik Tio.

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