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Startups

Bukalapak shares surge, again hitting upper movement limit

Investor appetite on second day of trading remains strong

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

TOKYO -- Shares in Bukalapak, the first Indonesian unicorn to list on the Indonesia Stock Exchange, soared again in their second day of trading on Monday, as investors hoping to grab a slice of the country's fast-growing e-commerce sector continued to pile in.

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