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.

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Yunindita Prasidya

Based in Indonesia, Dita is passionate about tracking the country’s growing digital economy. Her coverage is sector-agnostic—she has written about e-commerce, edtech, fintech, venture capital, and publicly-listed companies, as well as stories on careers and workplaces. She was previously a business journalist covering banking and the stock market at The Jakarta Post, Indonesia’s leading English daily.

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