Indonesia's Blibli completes $509m IPO
Indonesian e-commerce marketplace Blibli posted a small gain on its first day of trading on the Indonesian Stock Exchange (IDX) following a IDR 7.99trn (USD 509) IPO, the second-largest of the year in Jakarta.
The company was incubated by Djarum Group, an Indonesian conglomerate best known for its interests in tobacco and financial services, and received early funding from GDP Venture, Djarum’s early-stage...
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