The app of Indonesian e-commerce company Bukalapak is seen on a mobile phone next to its logo displayed in this illustration picture. - reuters
JAKARTA: Online mall Bukalapak is set to raise about 22 trillion Indonesian rupiah (US$1.5bil or RM6.33bil) in the country’s largest-ever initial public offering (IPO) that presages a wave of domestic tech listings, according to sources.
The e-commerce marketplace is planning to price its upsized offering of 25.77 billion shares at 850 rupiah (RM0.25) apiece, according to the sources.
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