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Expecting Start-ups to List on Local Stock Exchange

IDX commissioner, Pandu Sjahrir talk about IPO for Startup

Pandu – Yesterday, I was with Jessinvestingclub friends. We had a discussion about the journey of technology companies to make an IPO in Indonesian Stock Exchange. I believe that Indonesia will be able to become a market leader in Southeast Asia in the next few years, both in terms of digital economic growth and a good ecosystem for startup companies.

Nowadays, Indonesian society is in the middle of adaptation to use the digital technology and services. This can be seen through from Bangga Buatan Indonesia program, which has brought approximately 3.1 million offline MSMEs to be online since mid May. Therefore we are getting more familiar to use online meetings and online learning applications.

I can say, The Financial Services Authority (OJK) and Indonesia Stock Exchange (IDX) have done their best work to convince Indonesian startup companies to be able to see that our capital market is the best place to become a public company. Retail investors will also have the opportunity to become part of a technology company through the share ownership.

I am positive that the presence of technology companies in Indonesian Stock Exchange will have a significant impact to increase the quality of the demand and supply aspects. So, for me, this is worth to wait.

” I believe that Indonesia will be able to become a market leader in Southeast Asia in the next few years”

Bloomberg
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