Bukalapak broke all Indonesia Stock Exchange (IDX) records when it went public on Friday. The Indonesian e-commerce newsmaker’s share price shot up by 24.71% in under a minute after the opening bell rang—immediately hitting the ceiling of the maximum stock price maximum stock price Auto rejection policy The IDX implements an auto rejection policy whereby after a stock rises or falls by a certain percentage within one day, the price cap has been set for the day. The IDX will automatically reject bids that go beyond that price floor or ceiling.


Yunindita Prasidya

Based in Bali, Dita writes about Indonesia’s growing digital economy, including how technology is shaping the lives of young Indonesians and impacting traditional industries. She was previously a reporter at The Jakarta Post.

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