![[Updated] Key metrics suggest Bukalapak is overpriced but the IPO may still be oversubscribed](https://media.dealstreetasia.com/uploads/2021/06/bukalapak.jpg?fit=980,565&resize=1920,undefined&q=75)
Editor’s note: The story has been updated to reflect an EV-to-sales value based on Bukalapak’s post-IPO market-cap and upwardly revised 2021 sales forecast amid a second wave of COVID-19.
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