Bukalapak raises $1.5 billion in Indonesia’s biggest IPO – sources


July 21, 2021

SINGAPORE (Reuters) – Indonesian e-commerce firm Bukalapak has raised $1.5 billion in its initial public offering, the country’s largest issue, after pricing it at the top of an indicated price range, three sources familiar with the matter said on Wednesday.

Bukalapak declined to comment.

The sources asked not to be identified as they were not authorised to publicly talk about the matter.

(Reporting by Anshuman Daga and Scott Murdoch; Editing by Ed Davies)

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