Flash Report /
Indonesia

Three hard lessons from Bukalapak's topsy-turvy IPO

  • Indonesian e-commerce company Bukalapak has fallen 17% since its first day of trading on 6 August

  • Bukalapak is grossly expensive on every fundamental metric

  • BUKA IJ is trading on its scarcity value ie shortage of publicly traded proxies. Investors need to be aware of the risks

Three hard lessons from Bukalapak's topsy-turvy IPO
Nirgunan Tiruchelvam
Nirgunan Tiruchelvam

Head of Consumers Equity Research

Tellimer Research
24 August 2021
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