Blibli to Merge with Tiket.com Ahead of IPO

By Editorial Team 03/06/2022
IPO business process
Summary

E-commerce platform Blibli.com is reportedly aiming to raise US$500 million or around Rp 7.2 trillion from an initial public offering (IPO) on the Indonesia Stock Exchange. An anonymous source quoted by DealStreetAsia said that Blibli managed to finalize the IPO plan at a pre-money valuation of US$4 billion.

"Blibli's IPO might happen at the end of June or July," the source said, as reported by DealStreetAsia on Thursday. As part of the plan, Blibli and Tiket.com, both owned by the Djarum Group, will merge before the IPO.

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