Deals
Djarum-Backed E-Commerce Startup Blibli Weighing IPO
- Firm working with Credit Suisse and Morgan Stanley on IPO plan
- First-time share sale could take place in Jakarta next year
Michael Hartono, co-owner of Djarum Group.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
PT Global Digital Niaga, an e-commerce platform backed by Indonesian conglomerate Djarum Group, has picked advisers for a potential initial public offering in Jakarta as early as next year, according to people with knowledge of the matter.
The company, also known as Blibli, is working with Credit Suisse Group AG and Morgan Stanley to explore a possible first-time share sale, said the people. Other banks could be added to the lineup, they said, asking not to be named as the process is private.