25 of 2017, there are 32 shareholders who are not allowed to transfer part or all of their share ownership in BUKA or Shareholders are required to lock-up. This means that existing shareholders may not sell their shares for up to 8 months from the listing date on the IDX on Friday ().įurthermore, referring to POJK No.
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25 of 2017, all parties who acquire company shares at an exercise price below the Initial Public Offering price within 6 months prior to submission of registration to the OJK, such parties are prohibited from transferring part or all of the company shares they own up to 8 months after the registration statement in connection with when the Initial Public Offering becomes effective. It was noted that there were 55 BUKA shareholders prior to the initial public offering or IPO.Ĭiting the prospectus, based on POJK No. In addition to the jumbo IPO, one of the things that became public discussion about the BUKA IPO was as an exit strategy from existing shareholders, which turned out to be not that easy to realize. 21.9 trillion, the largest in the history of the Indonesia Stock Exchange. This e-commerce unicorn offered 25,765,504,800 shares (rounded up to 25.76 billion shares) at a price of Rp 850 per share, thus pocketing an initial public offering (IPO) of Rp. He assessed that if you look at the fundamentals, this stock, like other digital bank stocks, is already very expensive.įundamentally, he explained, after 6-8 months when the lock-up period is opened, it will be difficult for investors to enjoy capital gains again because the price was too high and many investors would leave, while fundamentals are not yet that good at that time. “Until the next few months, before the lock-up period for strategic investors of OPEN shares is opened, it is very possible that the price will be maintained and stay at a minimum above the IPO price.” he told Bisnis, Friday ().įurthermore, the shares of other start-up businesses that will be IPO also have an interest in maintaining the price of BUKA’s shares, so that they too can take to the floor successfully. Its market capitalization also reached Rp109.25 trillion.Ĭapital Market Observer from the University of Indonesia, Budi Frensidy, said that until the next few months before the lock-up period for Bukalapak’s strategic investors opens, it is very likely that the stock price of this new issuer will be maintained. In its first trading Friday (), BUKA shares were immediately hit by the auto reject (ARA) due to a 210 point rise or 24.71 percent to the level of 1060 from the IPO price of 850. Even though ARA is on the first day, Bukalapak (BUKA) shares are predicted to be maintained in 8 monthsī, JAKARTA – () The share price of unicorn issuer PT (BUKA) is expected to continue to stay above the offering price level of Rp.
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