JAKARTA -- Bukalapak, an Indonesian startup valued at over $1 billion, will look to list shares on the country's stock exchange in July, joining fellow unicorns GoTo and Traveloka with its plans to go public.
The e-commerce platform revealed the plans in materials shown to investors in May and recently obtained by Nikkei Asia. Bukalapak said in the presentation that it intends to offer "up to 25% of enlarged capital" but did not reveal details such as how much it hopes to raise from the initial public offering on the Indonesia Stock Exchange or its valuation.
