ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
DealStreetAsia

Indonesian startup Blibli aims to raise around $500m in imminent IPO

E-commerce company looks to go public in local market over coming weeks

Founded in 2010, Blibli has been an online shopping pioneer in Indonesia. (Screenshot from Blibli website)

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.

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