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Bukalapak’s shares will begin trading on August 6 in what may be Indonesia’s largest IPO ever
The e-commerce marketplace claims to be the “dominant platform” beyond Indonesia’s metropolises.
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Indonesian companies going public
The Southeast Asian tech sector is reshaping how the region’s public markets operate.
Mitra Bukalapak, which equips micro-retailers with digitized operations, accounted for 27% of the company’s overall total processing value.
The first in a three-part series looks at how the e-commerce platform came into existence—and was almost wiped off the board.
Grab reportedly bought a 4% stake in Indonesia’s conglomerate Emtek, which has strategic interests in e-commerce and payments.
Listing plans by Grab and Gojek-Tokopedia put focus on profitability.
A ticker code for GoTo would be a score for IDX.
The union that forms GoTo takes place after a merger between Gojek and Grab fell through in December 2020.
The Grab tech team started with three engineers nearly a decade ago. Now, it has spread across eight global offices as the company gets ready to go public.
Grab had a humble beginning but it is now set to go public in the world’s largest SPAC merger.