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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 Raya , Elang Mahkota Teknologi , Niko Margaronis , Goto Group , Djarum Group , Panin Asset , Archipelago Investment Pte , Mahkota Teknologi , Corporate News , Pt 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 States , Jakarta Raya , Elang Mahkota Teknologi , Sector Technology , Goto Group , Panin Asset , Tech Index , Losing Shine , After Surge ,