Blibli to Synergize with Tiket.com and Ranch Market Ahead of IPO

Summary

PT Global Digital Niaga or Blibli.com is finalizing its initial public offering (IPO) plan by appointing BRI Danareksa Sekuritas and BCA Sekuritas as underwriters. "Blibli will soon have a roadshow and aim to secure the listing in mid to late July this year," a source revealed on Tuesday. However, when D-Insights tried to confirm the report, Blibli.com management refused to give any detail. "We are sorry, we cannot comment on rumors or speculations," the company's spokesperson Yolanda Nainggolan told D-Insights on Tuesday night.

Previously, Blibli reportedly aimed to raise US$500 million or around Rp 7.2 trillion from the IPO on the Indonesia Stock Exchange (IDX). Last week, the Financial Services Authority (OJK) also confirmed that e-commerce Blibli.com would be one of eight tech companies going public this year.

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