Indonesian e-commerce unicorn Bukalapak files to go public in Jakarta

Source: South China Morning PostIndonesian unicorn Bukalapak has filed confidentially for an initial public offering (IPO) in Jakarta, making it one of the first large technology start-ups to go public in the world’s fourth-most populous country, according to a person familiar with the matter.The Jakarta-based e-commerce player is looking to capitalise on the digitisation of Indonesia’s economy during the coronavirus pandemic. Shoppers and merchants in Indonesia flocked to high-traffic digital platforms, allowing them to keep…Read More

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