In today’s briefing:
- BliBli IPO Trading – Upsized, Priced near Top-End but Should Be Trading at Least 50% Lower
BliBli IPO Trading – Upsized, Priced near Top-End but Should Be Trading at Least 50% Lower
- PT Global Digital (BliBli) raised around US$517m in its Indonesian IPO, after using the upsize option and pricing its deal just below the top-end.
- BliBli provides e-commerce services across Indonesia to both retail consumers and institutions.
- In our previous notes, we have looked at the company’s past performance. In this note, we will talk about the trading dynamics.
💡 Before it’s here, it’s on Smartkarma
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