E-commerce provider PT Bukalapak.com Tbk (BUKA) will kick off its trading of shares at the Indonesia Stock Exchange (IDX) today, priced at Rp850 a share with a market capitalization of Rp87.6 trillion. It will list 103 billion shares on IDX. The Company has issued 25.76 billion shares, representing 25% of the total issued and paid-up capital, through the initial public offering, to raise Rp21.9 trillion. The offering recorded the oversubscription of more than four times or Rp87.6 trillion, reflecting the excellent appetite of investors.
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