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Key metrics suggest Bukalapak is overpriced but the IPO may still be oversubscribed


Key metrics suggest Bukalapak is overpriced but the IPO may still be oversubscribed
Logo of Bukalapak, an Indonesian e-commerce firm, is seen outside its headquarters in Jakarta, Indonesia, June 16, 2021. REUTERS/Willy Kurniawan
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The IPO of Indonesian marketplace Bukalapak, which opens for subscription on July 28, appears to be overpriced based on various valuation parameters.
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