Logo of Bukalapak, an Indonesian e-commerce firm, is seen outside its headquarters in Jakarta, Indonesia, June 16, 2021. REUTERS/Willy Kurniawan
Bukalapak, which became the first Indonesian tech unicorn to list on the domestic stock market in July this year, has struggled to keep its share price afloat — the company’s stock closed at 515 rupiah apiece on Friday on the IDX, down 40% from its listing price of 850 rupiah.
