Blibli prices its shares at the higher end of price band in IPO, raises $513mWhile some say Blibli’s shares are overpriced, others argue that the Djar…

PT Global Digital Niaga Tbk — the entity that owns the Indonesian e-commerce player Blibli, online travel agency Tiket.com, and supermarket chain Ranch Market — is said to have raised 8 trillion rupiah ($513 million) after pricing its shares at 450 rupiah apiece for its initial public offering (IPO), two sources familiar with the matter told DealStreetAsia.

Bloomberg first reported this news late on Wednesday.

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