ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
IPO

Indonesia's Bukalapak launches up to $1.5 bn IPO

E-commerce unicorn's listing could be local stock exchange's biggest ever

E-commerce company Bukalapak is a spearhead in Indonesia's digitalization drive. (Photo by Yuki Kohara)

JAKARTA -- Bukalapak, one of Indonesia's leading e-commerce platforms, has kicked off a $1.5 billion initial public offering that could value the company as high as $6 billion.

The startup on Friday announced it plans to offer new shares representing 25% of the post-IPO company at a price range of 750 rupiah (5 cents) to 850 rupiah (almost 6 cents).

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more