PT Matahari Department Store Tbk is Indonesia's largest retail platform operating department stores and online e-commerce channels (Matahari.com). The company operates 153+ stores across 76+ cities nationwide, offering clothing, accessories, cosmetics, household appliances, and lifestyle products. Known for pioneering O2O (online-to-offline) retail in Southeast Asia, allowing customers to purchase online and pickup/return at physical stores. Publicly listed on Indonesia Stock Exchange (IDX) under ticker LPPF since 1989.
Matahari is publicly traded
IPO'd on October 10, 1989
This company is no longer available on our private secondary market. Shares can be traded publicly under LPPF.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
1958
Employees
7,473–30,000
Total Funding
$892M
1 rounds
Last Private Valuation
$0.89B
April 2010
Total raised $892M across 1 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Leveraged Buyout (PE)
Date
April 2010
Amount
$892M
Valuation
$0.89B
Lead Investors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Lazada Indonesia
Multi-category e-commerce marketplace operating in Indonesia
Shopee Indonesia
E-commerce marketplace with strong presence in Indonesia
Tokopedia
Indonesian e-commerce marketplace and digital ecosystem
Yes, Matahari is publicly traded under the ticker symbol LPPF on the IDX. The company went public in October 10, 1989.
Matahari trades under the ticker symbol LPPF on the IDX. It began trading in October 10, 1989.
Matahari (LPPF on the IDX) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker LPPF to place an order.
Matahari went public in October 10, 1989 via ipo, with an offering valuation of approximately $0.89B. PT Matahari Department Store Tbk completed its Initial Public Offering on the Indonesia Stock Exchange (IDX) on October 10, 1989, under the ticker symbol LPPF. The company has remained publicly listed since. As of July 2021, Auric Digital Retail Pte Ltd (a Singapore-based investment firm) acquired controlling stake (50.12%) of the company, though it remains listed on IDX.
Matahari raised $892M across 1 disclosed funding rounds prior to its public listing.
Matahari is headquartered in Tangerang, Banten, Indonesia.
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