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Bukalapak debuted with an IPO of IDR 21.9 trillion

09 July 2021 10:06

JAKARTA. Bukalapak finally announces its initial public offering (IPO), issuing 25,765,504,851 shares worth IDR 21.9 trillion in total.

In a concise prospectus published today (9/7) in Bisnis Indonesia, PT Bukalapak.com Tbk also discloses the effective date of the IPO launch, which falls on July 26, 2021. Then, the offering period would span from July 28 until July 30, 2021.

The over 25 million shares to be issued in this offering is the common and registered stock, amounting to 25% of the paid-up capital, with a nominal value of IDR 50. The offering price for the shares is set within the range of IDR 750 to 850 per share, thus allowing Bukalapak to collect IDR 21.9 trillion at most.

Bukalapak plans to utilise 66% of its IPO proceeds to raise its working capital, while the remaining portion is to be channelled to subsidiaries’ working capitals. (AM/ZH)

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