Jakarta, Aug 6 (EFE).- Indonesia’s e-commerce platform Bukalapak made a historical trading debut surging nearly 25 percent and raising $1.5 billion in the country’s largest IPO on Friday.
The 11-year-old online platform, with 4.5 million sellers and 70 million active monthly users, became the first listed tech unicorn of Indonesia.
Their shares reached over 1,000 Indonesian rupiahs ($0.073) after jumping 25 percent on the debut in the Jakarta market.
Technological giants like Microsoft or the Chinese group Ant, the owner of Alipay, back the Indonesian e-commerce unicorn.
It is one of the leading online firms in the fourth most populous country and the 16th biggest economy in the world.
The long-awaited IPO of Bukalapak comes a day ahead of the highly-awaited market debut of ride-hailing, food delivery, and e-commerce giant GoTo.
Investors are increasingly eying the fast-growing online markets and emerging startups in Southeast Asia. EFE