The Rules of the Game Have Changed
Bukalapak is making an initial public offering at the Indonesian Stock Exchange. Bambang Permadi Soemantri Brodjonegoro, Bukalapak’s President Commissioner, explains how the startup—which is still operating at a loss—can become the first startup to go public, with a transaction value that breaks a new record at the stock exchange.
Retno Sulistyowati
August 2, 2021
BAMBANG Permadi Soemantri Brodjonegoro sees his appointment as Bukalapak’s independent commissioner as well as president commissioner in April as a sign that the digital startup was becoming serious about going public. Three months later, the startup founded in 2010 made its initial public offering (IPO) at the Indonesian Stock Exchange (IDX). “By entering the capital market, the responsibility to shareholders increases,” Bamban
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