Indonesia startup Kioson IPO oversubscribed 10 times, shares rise 50% on debut

Photo: Kioson's Facebook page

Indonesia’s O2O e-commerce service Kioson’s much-anticipated initial public offering (IPO) to raise Rp 45 billion ($3.4 million) was oversubscribed more than 10 times during the bidding period, the startup revealed today.

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