Bukalapak seeks to use IPO proceeds for acquisitions, debt repayment

PT Bukalapak.com Tbk, Indonesia’s first listed unicorn, is planning to use part of its proceeds from the initial public offering (IPO) to make acquisitions and to repay financing facilities used for business expansion, the company said in a filing on Friday.

The company is looking to deploy part of the proceeds towards acquiring companies and their assets and participating in joint ventures.

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