Bisnis.com, JAKARTA – The initial public offering (IPO) of PT Bukalapak.com may be the most awaited corporate action by Indonesian stock investors this year. Naturally, given the potential for fresh funds to reach around Rp. 19.3 trillion to Rp. 21.9 trillion.
Not only new investors hope that Bukalapak’s listing can bring benefits to their investment. In about 3 weeks, the old shareholders of the unicorn startup can also benefit from the capital that has been invested so far.
The momentum of Bukalapak’s entry to the stock exchange floor was right in the midst of the euphoria of technology issuers’ shares. During the year, the IDXTECHNO index has soared by more than 850 percent.
One of the shareholders who are believed to receive positive sentiment is PT Elang Mahkota Teknologi Tbk. (EMTK). Referring to the financial statements for the first quarter of 2021, the company, which is under the control of the Sariaatmadja Family, controls 34.39 percent of Bukalapak’s shares through PT Kreatif Media Karya (KMK).
However, if viewed in Bukalapak’s IPO prospectus, KMK’s share ownership—EMTK’s digital business arm—has been reduced to 31.9 percent.
Apart from that, there are also the names of Alvin W. Sariaatmadja and Adi Wardhana Sariaatmadja. The first name is the President Director of EMTK while the second name is the President Commissioner of Bukalapak who has also been on the board of commissioners of EMTK, each of whom owns 0.99 percent of shares.
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