Reports said the e-commerce firm raised $1.5 billion in Indonesia's largest IPO, and the company is valued at $6 billion.
Shares of Indonesian e-commerce firm Bukalapak jumped nearly 25% in their trading debut Friday — from an initial public offering price of 850 rupiah to 1,060 rupiah.
Friday's listing shows how bullish investors are on Southeast Asia, particularly in e-commerce, according to Romaine Jackson, head of Southeast Asia at Dealogic. . The function rejects further increases in share price once the stock hits the upper limit. Stocks priced between 200 rupiah and 5,000 rupiah are allowed to rise as much as 25%.the e-commerce firm raised $1.5 billion in Indonesia's largest IPO, and the company is valued at $6 billion.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Robinhood Stock Falls After News of Early Investors Set to Sell SharesThe investing platform’s shares dropped after an SEC filing indicated that early investors in the company will sell up to about 98 million shares, currently worth around $6.3 billion, over time.
Consulte Mais informação »
Prince Charles shares rare childhood photo in sweet tribute to the Queen MotherThe Prince of Wales posted an image of himself, Princess Anne and Prince Andrew with the Queen Mother in 1960, to mark the day she was born in 1900
Consulte Mais informação »
Kathy Griffin shares inspiring message post-surgery: 'I now know I can do this'The comedian announced Monday that she was diagnosed with stage 1 lung cancer \u201ceven though I\u2019ve never smoked\u201d and would undergo surgery to remove half of her left lung.
Consulte Mais informação »
Reese Witherspoon shares exciting career news with fans after big business decisionReese Witherspoon has already started making some big career moves just days after a landmark business decision
Consulte Mais informação »
Strictly's Tom Fletcher shares sister's hysterical reaction to announcementWest End actress Carrie Hope Fletcher burst out laughing when older brother Tom Fletcher told her he was going on BBC's Strictly Come Dancing
Consulte Mais informação »
Vodafone Idea shares slump 24% as billionaire Birla exitsShares of India's Vodafone Idea (VODA.NS) tumbled as much as 24% on Thursday, a day after the troubled telecom operator's board accepted billionaire-industrialist Kumar Mangalam Birla's request to step down as non-executive chairman.
Consulte Mais informação »