Bukalapak Jumps 25% on Debut After Indonesia’s Biggest IPO

Shares up to 1,060 rupiah from 850 rupiah initial offer price
Debut sets the tone for other regional tech IPOs, such as GoTo

WATCH: Teddy Oetomo, president of Indonesian online mall Bukalapak, discusses the company's initial public offering and growth strategy. (Source: Bloomberg)

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By Fathiya Dahrul and Yoolim Lee

August 6, 2021 at 2:02 AM UTC

Updated on

August 6, 2021 at 4:10 AM UTC

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Online marketplace PT Bukalapak.com surged on its first day of trading after raising $1.5 billion in Indonesia’s biggest-ever initial public offering.