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Mobile Offshore Drilling Unit Market to rise at a CAGR of 4 1% through 2027 - Report by Market Research Future (MRFR)
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Mobile Offshore Drilling Unit Market to rise at a CAGR of
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Indonesia s Tech Pioneer Raises $1 5 Billion Through IPO To Battle E-Commerce War
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FILE PHOTO: Logo of Bukalapak, an Indonesian e-commerce firm, is seen outside its headquarters in Jakarta, Indonesia, June 16, 2021. REUTERS/Willy Kurniawan
SINGAPORE (Reuters) - Indonesian e-commerce firm Bukalapak has raised $1.5 billion in its initial public offering, the country’s largest issue, after pricing it at the top of an indicated price range, three sources familiar with the matter said on Wednesday.
The IPO by Indonesia’s fourth-biggest e-commerce company, which is backed by Singapore sovereign investor GIC and Microsoft among others, comes as Indonesia’s $40 billion e-commerce market is benefiting from strong pandemic-driven demand.
Two of the sources said order books for the IPO, the first by an Indonesian tech unicorn, were multiple times covered, with one saying the issue received more than $6 billion of demand.
By Anshuman Daga and Scott Murdoch SINGAPORE (Reuters) - Indonesian e-commerce firm Bukalapak has raised $1.5 billion in its initial public offering, the country s largest issue, after pricing it at the top of an indicated price range, three sources familiar with the matter said on Wednesday. The IPO by Indonesia s fourth-biggest e-commerce company, which is backed by Singapore sovereign investor GIC and Microsoft among others, comes as Indonesia s $40 billion e-commerce market is benefiting from strong pandemic-driven demand. Two of the sources said order books for the IPO, the first by an Indonesian tech unicorn, were multiple times covered, with one saying the issue received more than $6 billion of demand.