How Will IDX Attract Unicorns’ Shares Listing?

Summary

The Indonesia Stock Exchange (IDX) stated its commitment to encourage technology-based companies, including unicorns, to list their shares on the capital market. IDX Assessment Director I Gede Nyoman Yetna said his party is proactively conducting one-on-one sessions with several technology companies in Indonesia.

From this approach, IDX discusses and hears the needs of startups regarding possibilities to raise funds in the Indonesian stock market. It is committed to making the Indonesian stock market a home for growth for all the characteristics of potential companies in Indonesia by becoming an adaptive and competitive stock exchange. In addition to opening a one-on-one, IDX, Financial Services Authority (OJK), and other Self Regulating Organizations (SROs) are currently discussing the OJK Bill on Multiple Voting Rights Shares (RPOJK SHSM) as well as the Revised Exchange Regulation Number IA on criteria for listing shares in Main Board and Development Board.

IDX also reviews investment schemes by establishing a special purpose acquisition company (SPAC) in Indonesia. "The exchange is mapping out existing regulations as well as new regulations that can support SPAC development," Nyoman said on Tuesday (10/5).

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