Global Digital Niaga, the parent company of the Indonesian e-commerce company Blibli, aims to raise as much as €540 million in its initial public offering next month, according to the company’s prospectus. The company plans to sell up to 17.77 billion shares, or 15 percent of its total capital, at a price range of €0.027 to €0.03 per share. The public offering period runs from Nov. 1 to 3. The e-commerce group was founded in 2010 and plans to go public on the local stock exchange on Nov. 7. It will be Indonesia’s third unicorn going public on the local stock market after GoTo Group and Bukapak.

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