PT Global Digital Niaga, the parent company of Indonesian e-commerce firm Blibli and online travel agency Tiket.com, is planning an initial public offering (IPO) on the local bourse targeting a valuation of 33.4-42.4 trillion rupiah ($2.21-2.79 billion), according to a document reviewed by DealStreetAsia.
This valuation is a significant markdown from the $4 billion that the company was reportedly targeting in June this year.