Bukalapak IPO a watershed for Indonesia's booming tech sector

Jakarta

BECOMING the first major tech firm to list on the Indonesian Stock Exchange (IDX) has both advantages and drawbacks for Bukalapak - the country's fourth-largest e-commerce company - as it gears up for an initial public offering (IPO) on Aug 6.

The upcoming listing has created tremendous buzz among investors and market players as it symbolises the potential of South-east Asia's largest economy's fast-growing digital sector.

Bukalapak - the first tech unicorn in Indonesia to launch an IPO - is offering 25 per cent of its total share capital to investors, which would raise 21.9 trillion rupiah (S$2.05 billion).

This would make it the largest public listing on the IDX, outstripping coal minin…

A NEWSLETTER FOR YOU

Friday, 8.30 am

Asean Business

Business insights centering on South-east Asia's fast-growing economies.

Sign Up