HomeNewsVideos

Bukalapak on the rise, 6.49% stronger after lock-up ended

28 March 2022 12:32

JAKARTA. The stock price of PT Bukalapak.com Tbk (BUKA) moved 20 points upwards, or 6.49% higher, to IDR 328 per share by the end of the first trading session today, following the end of the IPO lock-up period.

Perdana A Saputro, Corporate Secretary of BUKA, mentioned that the IPO lock-up period ended last Saturday (26/3). “The parties whose shares were caught in the lock-up now may trade their shares starting March 28, 2022,” he explained in the information disclosure in Indonesia Stock Exchange (IDX).

For the record, the lock-up period only applies to investors who acquired BUKA’s shares for a price below the offering price during the IPO. The stock lock-up period lasts eight months after the effective statement of the IPO.

The end of the lock-up period of BUKA was marked with purchases from foreign investors. The total net purchase made by international investors during today’s first trading session clocked up to IDR 176.2 billion.

However, it is worth mentioning that BUKA’s stock price has suffered a massive downturn of 69.06% from IDR 1,060 per share since the first record on the stock exchange. Furthermore, from the beginning of this year until now, or year-to-date (ytd), BUKA’s stock price has declined 22.64%. (KR/ZH) 

© 2024 - IDN Financials - All Rights Reserved.