A version of this feature was published in FinanceAsia's December 2021 magazine.
FA Bukalapak’s recent $1.5 billion IPO on the Indonesian stock exchange IDX marked the country’s biggest equity listing in history. Can you tell us about your decision to list locally Why did you pivot from your original proposal to pursue a US listing through a special purpose acquisition company SPAC
TO The identity of Bukalapak as a truly Indonesian tech company definitely influenced our decision to list locally. More than 50% of our business comes through our Mitra Bukalapak strategy of local mom-and-pop kiosks. We operate almost holistically in Indonesia, and over...
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