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IPO

Indonesia's Blibli seeks to raise up to $528m in local IPO

Pioneer in business-to-consumer e-commerce plans market debut next month

Indonesia's Blibli is the latest Southeast Asian e-commerce company to announce plans to go public. (Photo by Yuki Kohara)

JAKARTA -- Indonesian e-commerce company Blibli aims to raise as much as 8.17 trillion rupiah ($528 million) in its initial public offering next month, the company's prospectus said on Monday.

The pioneer in online shopping platforms in Indonesia, founded in 2010, plans to go public on the local stock exchange on Nov. 7.

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