Blibli IPO said to have been twice oversubscribed on Day 1

Blibli IPO said to have been twice oversubscribed on Day 1

Shares of PT Global Digital Niaga Tbk — the entity that owns Indonesian e-commerce player Blibli, online travel agency Tiket.com, and supermarket chain Ranch Market — are said to have been oversubscribed two times by retail investors on Day 1 of its public offering, according to sources familiar with the matter.