JAKARTA -- Indonesian e-commerce company Blibli is understood to have finalized plans for a potential listing in the local market over the coming weeks, according to three sources aware of the development.
Backed by Indonesian conglomerate Djarum Group, Blibli is planning to raise around $500 million in its initial public offering on the Indonesia Stock Exchange (IDX) at a pre-money valuation of over $4 billion, according to a source with direct knowledge of the matter.
