Indonesia's Blibli seeks to raise up to $528m in local IPO

JAKARTA -- Indonesian e-commerce company Blibli aims to raise as much as 8.17 trillion rupiah ($528 million) in its initial public offering next month, the company's prospectus said on Monday.

The pioneer in online shopping platforms in Indonesia, founded in 2010, plans to go public on the local stock exchange on Nov. 7.