The first listing of a multibillion-dollar Southeast Asian tech company in Indonesia on Friday will set the benchmark for IPO hopefuls in a region where global investors are chasing fast growing e-commerce markets.
, makes its market debut after raising $1.5 billion in Indonesia's biggest ever initial public offering .
"I'm expecting to get some capital gain for the listing since it will get a lot of buy ratings," said Andry Taneli, a retail investor, who cited Bukalapak's size among local tech firms and its anticipated strong liquidity versus peers. Bukalapak, which focuses on micro, small and medium-sized enterprises beyond top tier cities in Southeast Asia's largest economy, is the fourth-largest e-commerce player after Tokopedia, Sea Ltd'sInvestor interest is also running high ahead of a planned multibillion-dollar IPO by GoTo, Indonesia's most valuable startup formed through the merger of ride-hailing and food delivery firm Gojek and e-commerce leader Tokopedia.
"This IPO has also demonstrated that Southeast Asia technology companies can achieve a premium valuation for growth with significant demand," said Nicolo Magni, head of global banking for Southeast Asia and India at UBS, the joint global coordinators for the issue with Bank of America.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Policybazaar IPO stacks up in a price comparisonA price comparison exercise just about stacks up for Policybazaar. The online supermarket for insurance and loans is the latest Indian technology company to file to go public in recent weeks. The money-losing SoftBank-backed (9984.T) outfit caters to a huge, underserved market, and its blistering growth in a country where demand for financial products is exploding helps to justify a head-spinning valuation.
Leer más »
Del Monte’s iced IPO awaits more fruitful marketDel Monte Pacific (DMPL.SI) has put the $900 million float of its Philippines business on ice as Manila fights a surge in coronavirus cases that has knocked about 7% off its stock market in the past month. The deal would have been the country’s second-largest initial public offering and proceeds would have helped pay down debt for the Singapore-listed group.
Leer más »
Robinhood soars again, doubles in 4 days after tepid IPORobinhood’s stock took off again on Wednesday, jumping so much that its trading was temporarily halted three times in the first half-hour of trading. It has more than doubled in four days to follow up what had been a disappointing debut on Wall Street.
Leer más »
Human Interest Raises $200 Million On Its Path To IPO In 2023The startup that creates a frictionless 401(k) process for small businesses has seen revenue grow by 10x and its customer base expand.
Leer más »
WSJ News Exclusive | Weber Prices Below Expectations as Grill Maker Downsizes Its IPOGrill maker Weber sold fewer shares at a lower price than expected in its initial public offering, people familiar with the matter said, the latest sign the new-issue market may be cooling after a torrid run this summer.
Leer más »
Asia-Pacific stocks set for opening slip; Australia's trade data for June aheadThe Dow Jones Industrial Average dropped more than 300 points overnight stateside after a private sector U.S. jobs report came in well below expectations.
Leer más »