Owner of Blibli Seeking $530 Million in Second-Largest Indonesian IPO of 2022

The e-commerce company Blibli's owner, Global Digital Niaga PT, plans to raise up to 8.17 trillion rupiah ($530 million) through an IPO.

Which is anticipated to be the second-largest in Indonesia this year.

According to a prospectus released on Monday, the company is issuing up to 17.77 billion additional shares.

A 15% ownership, at a price between 410 and 460 rupiah per share. This places the group's value as high as $3.5 billion.

Bookbuilding closes on October 24 with a potential offering window of November 1-3. The planned listing date is November 7.

It is expected to be the largest IPO in the Southeast Asian nation after IT company PT GoTo Gojek Tokopedia Tbk, even if priced at the low end of the marketing range.


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