Indonesian unicorn Bukalapak makes stellar IDX debut, stock surges 25%

Indonesian unicorn Bukalapak makes stellar IDX debut, stock surges 25%

CEO Bukalapak, Rachmat Kaimuddin (left) and the President Commissioner, Bambang Brodjonegoro (right). Photo: Company doc.

E-commerce platform Bukalapak, which became the first Indonesian unicorn to list on the local stock exchange, on Friday made a stellar debut with its shares opening 24.11% higher than the IPO price of 850 rupiah apiece.

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