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Aug 5, 2021

Bukalapak Jumps 25% in Debut After Indonesia’s Biggest IPO

Soraya Permatasari, Bloomberg News

Hong Kong Stock Exchange in Hong Kong, China. Photographer: Anthony Kwan/Bloomberg

Hong Kong Stock Exchange in Hong Kong, China. Photographer: Anthony Kwan/Bloomberg , Photographer: Anthony Kwan/Bloomberg

(Bloomberg) -- Online marketplace PT Bukalapak.com surged on its first day of trading after raising $1.5 billion in Indonesia’s biggest-ever initial public offering.

The shares jumped as much as 25% from its initial offer price of 850 rupiah apiece.

©2021 Bloomberg L.P.