JAKARTA: PT Bukalapak. com has lost more than half its value since raising US$ 1. 5bil( RM6. 29bil) in Indonesia’s biggest initial public offering( IPO). The shares closed at a record low 352 rupiah( 10 sen) on Tuesday, pushing its market value below 37 trillion rupiah( US$ 2. 6bil or RM10. 79bil)....
That’s down 66% from the 109 trillion rupiah( RM31. 8bil) market cap recorded on its first trading day in August. The IPO flop may not bode well for upcoming tech listings that are expected to pro
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2022-01-20 00:00:00.0