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Indonesia's Blibli (BELI) Rises 4,9% in Debut, Bucking Tech Sell-off

Selasa, 08 November 2022 | 15:15 WIB
Indonesia's Blibli (BELI) Rises 4,9% in Debut, Bucking Tech Sell-off

ILUSTRASI. Indonesian e-commerce platform Blibli (BELI) saw its stock rise as much as 4,9% in its trading debut on Tuesday. KONTAN/Fransiskus Simbolon

Kontan + Kompas.id : Rp 95.000 Hemat hingga 55%

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - JAKARTA. The operator of Indonesian e-commerce platform Blibli (BELI) saw its stock rise as much as 4,9% in its trading debut on Tuesday, after raising 7.99 trillion rupiah (US$ 509 million) in the nation's second-biggest initial public offering (IPO) this year.

The stock market in Jakarta has been the outlier in emerging Asia this year, with growth of about 7% so far, while most peers are in contraction.

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