Bali Utd first Southeast Asian club to list on stock market

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The listing puts the team among top clubs Manchester United, Juventus and Borussia Dortmund which have also previously offered their shares. bali

The Bali side’s parent company jumped nearly 70% after an initial public offering that raised a modest 350 million rupiah .

Some new shareholders were die-hard fans of Bali United, which is in second spot in Indonesia’s top flight Liga 1, officials said. “PSSI will always support and hope that there will be other clubs that will follow Bali United’s move,” he added.

 

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