Blibli Owner Ends Flat in Jakarta’s Second-Largest Debut of 2022
- Global Digital’s IPO raised 8 trillion rupiah in upsized deal
- It’s the biggest among 10 newcomers in the country this week
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PT Global Digital Niaga, the owner of Indonesia’s e-commerce group Blibli, ended its first day of trade unchanged after raising 8 trillion rupiah ($510 million) in the country’s second largest initial public offering this year.
The shares finished at 450 rupiah each, erasing gains of as much as 4.9% shortly after the market opened. They were sold at the top of a marketed range in an upsized offering in October. It’s the largest listing in Jakarta since PT GoTo Gojek Tokopedia’s initial sale in April.