Business & Finance

Reuters exclusively reports Indonesian e-commerce firm Bukalapak is aiming for up to $800 million in IPO

Reuters exclusively reported that Indonesian e-commerce firm Bukalapak is keen to raise as much as $800 million in an IPO in August. Tapping a sharp pickup in investor interest in Southeast Asia’s rapidly expanding technology sector, Bukalapak, the country’s No. 4 e-commerce firm, is aiming to sell 10% to 15% of the company and wants a valuation of between $4 to $5 billion, Reuters sources said.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: Indonesia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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