Gold Prices Rise as Weak US Data and Hormuz Risks Boost Safe-Haven Demand 
European Stocks Slide as Iran War Escalation Sends Oil Higher 
Foreign U.S. Treasury Holdings Fall as Japan, UK and China Cut Positions 
Citadel Warns High Treasury Yields Pose Broader Market Risks 
Malaysia Inflation Eases to 1.8% in July, Below Forecast 
Tech Stocks Rally in Asia-Pacific as Dollar Remains Resilient 
U.S. Condemns China's Dominance in Global Shipbuilding and Maritime Sectors 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
KiwiSaver shakeup: private asset investment has risks that could outweigh the rewards 
Canada Faces 50% U.S. Tariffs as Trade Tensions Threaten USMCA Talks 
Insignia Financial Shares Hit 3-Year High Amid Bain and CC Capital Bidding War 
US Stock Futures Mixed as Fed Rate Hike Bets Fade, AI Deals in Focus 
Morgan Stanley Sees Fed Holding Rates as U.S. Inflation Cools 
Ferrari Group to Launch IPO in Amsterdam, Targets Over $1 Billion Valuation 
Wall Street Rebounds as Investors Eye Tariff Uncertainty, Jobs Report 
Oil Prices Rise as U.S.-Iran Tensions Grip Strait of Hormuz 
Add as a preferred source on Google
Jakarta-based e-commerce company Bukalapak pulled off Indonesia's biggest initial public offering on the Indonesian Stock Exchange, raising about $1.5 billion.
With shares priced at about $0.06, it shot up nearly 25 percent in its first trading session.
The offering was 8.7 times oversubscribed, with orders coming from almost 100,000 investors, said Silva Halim of Mandiri Sekuritas, one of the deal's underwriters.
Bukalapak is now planning to exercise an over-allotment option for retail investors.
The company will use its IPO proceeds to roll out more features for its merchants, allowing them to offer more products and services.
The Jakarta-based firm teamed up with millions of local mom-and-pop shops to facilitate online orders.
Consumers may use Bukalapak's systems for topping up phone credits, booking bus tickets, or making other purchases.
The company is backed by big-name investors, including Microsoft and Standard Chartered.
Bukalapak president Teddy Oetomo said they are seeking to achieve profitability in less than 36 months.
