Indonesian e-commerce unicorn Bukalapak to offer up to 25% in IDX IPO

People walk past a statue of a bull as they enter the Indonesia Stock Exchange (IDX) in Jakarta, Indonesia. Photographer: Dimas Ardian/Bloomberg

Indonesian e-commerce company Bukalapak plans to offer up to 25% of its enlarged capital in its initial public offering (IPO) on the Indonesian Stock Exchange (IDX), according to a company document seen by DealStreetAsia.

The company has projected July 29, 2021, as its estimated listing date on the bourse, under the ticker “BUKA.” Should the listing go per plan, Bukalapak will become the first of Indonesia’s unicorns to list on the local capital market. It will also become the first of Southeast Asia’s current crop of unicorns to go public.  

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