Skip to content
E-Tailing

Indonesia’s e-commerce platform Blibli plans $528 million IPO

By Wei ZhangIndonesia
1 min read
BliBli
BliBli
In this article (5)

Indonesia’s e-commerce firm Blibli is looking to raise US$528 million during its IPO debut next month, the company said in its prospectus.

The company said it plans to sell 17.7 billion shares through the listing at a price range between $0.027 and $0.03, which is expected to bring the company’s value to as much as $3.5 billion.

The company said the fund raised will be used to pay its debt to banks before allocating the remains to working capital.

Operated by PT Global Digital Niaga, the e-commerce company will be Indonesia’s third unicorn going public on the local stock market after GoTo Group and Bukapak, which raised $1 billion and $1.5 billion respectively.

Blibli was founded in 2010 and is backed by the regional conglomerate Djarum Group.

Lees ook:

Lees ook:

AdvertisementAdvertise with usMobile 320×100

Questions & Answers

Q.

What is the expected valuation of Blibli after its IPO?

A.

The company expects its value to reach as much as $3.5 billion following the planned listing. This is based on selling shares at the upper end of the stated price range.

Q.

How does Blibli intend to use the funds raised from the IPO?

A.

Blibli plans to use the capital primarily to pay off its existing debts to banks. Any remaining funds after this repayment will then be allocated towards its working capital.

Q.

Which other Indonesian e-commerce unicorns have recently gone public on the local stock market?

A.

GoTo Group and Bukapak are the other two Indonesian e-commerce unicorns that have recently listed on the local stock market. They raised $1 billion and $1.5 billion respectively.

Q.

Who is the primary backer of the e-commerce platform Blibli?

A.

Blibli is backed by the Djarum Group, which is described in the article as a regional conglomerate. The company was founded in 2010.

Reader pulse

Will Blibli's IPO strengthen its market position?

20,217 votes so far

Tags

Weekly Briefing

Asia's retail intelligence, in your inbox

Tuesday, Thursday and a Saturday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.

  • Top industry moves and market shifts
  • Weekly data-driven analysis from across Asia
  • Tuesday, Thursday and the Saturday Weekly Wrap

Read by retail operators, investors and brand teams across Asia.

Protected by a quick human check. No spam, ever. Unsubscribe in one click.

SecureGDPR ready