BliBli IPO Trading - Upsized, Priced near Top-End but Should Be Trading at Least 50% Lower

205 Views07 Nov 2022 13:43
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. In this note, we talk about the trading dynamics.
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Sumeet Singh
Head of Research, IPOs & Placements
Aequitas Research
EquitiesEquity Capital Markets
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