Deals
Blibli Owner Raises $513 Million in Upsized Jakarta IPO
- Global Digital Niaga priced its IPO shares at 450 rupiah each
- The IPO is the second largest in Indonesia this year
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PT Global Digital Niaga has raised about 8 trillion rupiah ($513 million) after the owner of e-commerce group Blibli exercised an option to sell more shares in its Indonesian initial public offering.
The company has sold about 17.8 billion shares at 450 rupiah each, according to terms of the deal seen by Bloomberg News. It’s upsized from the base offering of around 11.2 billion shares, which were marketed at 410 rupiah to 460 rupiah apiece.