FILE PHOTO: Founder and CEO of Indonesian e-commerce firm Tokopedia, William Tanuwijaya, poses for a photograph at Tokopedia headquarters in Jakarta, Indonesia, July 25, 2019. - Reuters
SINGAPORE (Reuters) - Indonesia's Tokopedia is lining up an initial public offering (IPO) worth at least US$1 billion next year, two people with knowledge of the matter said, in what could be the biggest overseas listing by a Southeast Asian start-up.
The country's biggest e-commerce firm is planning a dual listing in the United States and Indonesia for 2021, the sources told Reuters. One person said the firm could be valued at US$10 billion or more through the IPO plan.
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