Eager investors ready to bite as Bukalapak makes market debut

Jakarta

JOHNNY Koo and Nicholas Jayabuana are among thousands of Indonesians eager for a slice of Bukalapak's landmark initial public offering (IPO) when the e-commerce player finally makes its long-awaited market debut on the Indonesia Stock Exchange (IDX) on Friday.

Mr Koo, an entrepreneur, put in a first bid for 400 million rupiah (S$37,643) but was not allotted any shares. He later made another bid for 240 million rupiah.