Bukalapak IPO
Bukalapak is one of Indonesia's largest e-commerce platforms, serving millions of users across the archipelago with online marketplace services. The company focuses on connecting small and medium enterprises with consumers, particularly in smaller Indonesian cities and towns. Investors were interested in its exposure to Indonesia's growing digital economy and e-commerce adoption.
Key Facts
| Industry | E-commerce |
| Founded | 2010 |
| Headquarters | Jakarta, Indonesia |
| Employees | ~3,000 |
| Website | bukalapak.com |
| Funding | Public company (IDX: BUKA). IPO raised $1.5B in 2021 |
About Bukalapak
Bukalapak is one of Indonesia's largest e-commerce platforms, operating a marketplace that connects millions of buyers with small and medium enterprises across the Indonesian archipelago. The company has built a comprehensive ecosystem that includes not only traditional e-commerce but also digital services like bill payments, mobile credit top-ups, and travel bookings. Bukalapak has particularly focused on empowering warung (small neighborhood stores) through its Mitra Bukalapak program, digitizing Indonesia's traditional retail infrastructure.
What sets Bukalapak apart in the competitive Southeast Asian e-commerce landscape is its deep penetration into Indonesia's smaller cities and rural areas, where it has become a crucial bridge between traditional commerce and digital transactions. The company went public on the Indonesia Stock Exchange in 2021 in one of the country's largest tech IPOs, raising $1.5 billion. Bukalapak's success reflects the broader digitization of Indonesia's economy and its role in bringing millions of previously offline merchants into the digital commerce ecosystem.
IPO Status
Bukalapak went public on the Indonesia Stock Exchange in August 2021 under the ticker symbol BUKA, raising approximately $1.5 billion in Indonesia's largest tech IPO at the time. The offering was heavily oversubscribed, reflecting strong domestic investor interest in Indonesian technology companies. Since its IPO, Bukalapak's stock performance has been challenging, with shares trading significantly below their offering price due to increased competition in the Indonesian e-commerce market and concerns about the company's path to profitability. The company has focused on improving its marketplace efficiency and expanding its financial services offerings to diversify revenue streams.
Competitors
Frequently Asked Questions
Does Bukalapak have a stock?
Yes, Bukalapak completed its IPO in August 2021 on the Indonesia Stock Exchange. It was Indonesia's largest tech IPO at the time, raising approximately $1.5 billion.
When is the Bukalapak IPO date?
Bukalapak already completed its IPO in August 2021. The company is currently publicly traded and does not have any pending IPO dates.
How can I buy Bukalapak stock?
You can buy Bukalapak stock on the Indonesia Stock Exchange under the ticker symbol BUKA. International investors may need to use brokers that provide access to Indonesian markets.
Don't Miss the Next Big IPO
Get notified when the next major company files for an IPO. Daily alerts delivered to your inbox.
Get IPO Alerts