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Bali United IPO sets ball rolling on Southeast Asia soccer listings

Indonesian club scores $24m in region's first stock debut of sport

Directors of Bali Bintang Sejahtera, owner of Bali United, take part in the company's IPO at the Indonesia Stock Exchange in Jakarta on June 17. (Antara Foto/Citro Atmoko)   © Reuters

SINGAPORE -- A Bali-based professional soccer club became Southeast Asia's first team to go public, raising 350 billion rupiah ($24.7 million) at its debut on the Indonesia Stock Exchange.

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