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View all search resultsIPO
Tech 1 year ago
PREMIUM
Closing product marketplace will boost profitability, Bukalapak says
The country's first e-commerce unicorn is ceasing sales of physical goods to focus on digital goods and services, citing minimal revenue contribution, shift in demand and increasing competition since the company's founding almost 15 years ago.
Markets 1 year ago
PREMIUM
IPOs set to rebound in 2025 after multiyear low in 2024
Analysts expect the market to rebound this year after last year's lackluster performance, primarily due to the uncertainty surrounding the elections in February and November, though whether it will rally gradually or quickly to surpass 2023 levels remains to be seen.
Companies 1 year ago
PREMIUM
Nightclub operator Holywings gears up for Asia expansion, IPO
The company declined to disclose the target size for the listing but revealed that its current valuation was around US$300 million, a significant increase from the $150,000 the founders initially invested a decade ago.
Companies 1 year ago
PREMIUM
IDX admits employees implicated in IPO bribery case
According an anonymous letter, some employees have added costs ranging from hundreds of millions of rupiah to over Rp 1 billion (US$65,000) to expedite initial public offering (IPO) procedures for companies looking to list on the exchange.
