Bukalapak Eyes IDR 21.9 Trillion from IPO, Here’s the Share Price and Execution Time

Bisnis.com, JAKARTA – After waiting for confirmation on the Indonesian Stock Exchange (IDX), Bukalapak has finally officially announced the schedule and details regarding the initial public offering (IPO).

In a brief prospectus published in the Indonesian Business Newspaper July 9, 2021 edition, PT Bukalapak.com Tbk. convey a number of details regarding the implementation of the IPO on the IDX.

One of them is related to the IPO implementation schedule. Meanwhile, the initial public offering period will be held on 9-19 July 2021. Meanwhile, the effective date for the IPO is set for 26 July 2021. Furthermore, the initial public offering period will be on 28-30 July 2021.

The workshop or marketplace company will issue a total of 25,765,504,851 shares of common stock on behalf of which all are new shares and are issued from the company’s portfolio, with a nominal value of Rp50. This amount represents 25 percent of the company’s shares which will be released to the public in this corporate action.

The share price in the IPO itself is offered in the range of Rp750-Rp850 per share. Thus, BUkalapak can reap funds from this corporate action as much as Rp. 21.9 trillion.

The funds from the IPO will be used by Bukalapak for the company’s working capital of 66 percent, and the rest for the working capital of subsidiaries. The subsidiaries referred to are as follows:

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