Djarum-backed Indonesian e-commerce player Blibli inches closer to IPO

Indonesian e-commerce player Blibli is looking at tapping the public market in Jakarta to raise at least  $400 million in its initial public offering (IPO) later this month or early September 2022, multiple sources told DealStreetAsia.

The company had earlier proposed to float its IPO by end-June or July, the sources added.

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