E-commerce firm Blibli up nearly 5% in Indonesia stock debut

• Shares rose 4.9% to as high as 472 rupiah in its Indonesia Stock Exchange debut on Tuesday, in the country’s second-largest initial public offering this year.
• In early afternoon trade, the stock was trading at about 452 rupiah.
• The listing comes amid global macroeconomic headwinds and instability in tech stock prices.