JAKARTA -- Blibli shares gave up all of their initial gains of nearly 5% in the company's Indonesian stock market debut on Tuesday, closing unchanged from their initial public offering price.
IPO
Indonesia's Blibli closes flat in market debut after $510m IPO
E-commerce company is the latest to test stock investors' appetite
Blibli CEO Kusumo Martanto, center, addresses reporters in Jakarta in October. "We hope to increase investor confidence in the technology sector," he said on Nov. 8. (Photo by Nana Shibata)
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