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Largest IPO turns into a flop as Bukalapak falls

JAKARTA: PT Bukalapak.com has lost more than half its value since raising US$1.5bil (RM6.29bil) in Indonesia’s biggest initial public offering (IPO).

Jakarta rayaElang mahkota teknologiNiko margaronisGoto groupDjarum groupPanin assetArchipelago investment pteMahkota teknologiCorporate newsPt bukalapak com

After 540% surge, new Indonesia tech index is losing shine fast

JAKARTA: Investors cautious over lofty valuations in Indonesia’s booming technology market have sent a gauge of the shares tumbling over the past two months.

United statesJakarta rayaElang mahkota teknologiSector technologyGoto groupPanin assetTech indexLosing shineAfter surge

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