In today’s briefing:
- GoTo Vs Bukalapak Vs Grab Vs Sea
- Bukalapak IPO Lock-Up – Scattered Shareholding Could Put Some Pressure on the Share Price
GoTo Vs Bukalapak Vs Grab Vs Sea
- GoTo (1379371D IJ) is the leading digital ecosystem in Southeast Asia. It has extended its book build for a $1.3 billion IPO to 24 March.
- In GoTo Gojek Tokopedia IPO: Valuation Insights, we noted that our valuation analysis suggests that the price range is aggressive and unattractive.
- In this note, we compare GoTo vs Bukalapak (BUKA IJ), Grab (GRAB US) and Sea Ltd (SE US)‘s relevant businesses across GTV, take rates and segmental margins.
Bukalapak IPO Lock-Up – Scattered Shareholding Could Put Some Pressure on the Share Price
- Bukalapak (Buka) raised US$1.5bn in Aug 2021 when it priced its IPO at the top end of its pricing range.
- Buka is an Indonesian e-commerce company. The company operates an online consumer-to-consumer (C2C) marketplace. It also operates Mitra Bukalapak (Mitra) which provides online-to-offline (O2O) services to MSMEs.
- The pre-IPO shareholders will be released from the lockup on 6th April 2022.
Before it’s here, it’s on Smartkarma
