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IPO

Indonesia e-commerce unicorn Bukalapak plans to go public in July

Loss-making startup focused on small shop digitalization plans Jakarta listing

Bukalapak, an e-commerce company whose shares have risen 56% from their IPO price, is the first Indonesian unicorn to go public.   © Reuters

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.

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