In my opinion, the opportunity is immense right now, because the demand is surging. Q2: What are the opportunities and challenges for tech companies to go public in Indonesia? I would also hope to empower young people who have never had access to capital markets, to see the value of investment in capital markets and build their own wealth over time. Our stock market has made significant improvement and is steadily becoming more attractive. That could push Indonesia's biggest tech companies, like GoTo, to go public as early as next year. In addition, we just announced new listing rules that allow multiple share structures, similar to other markets, which means company founders can retain more say in how companies are run after listing. At the same time, there is strong demand from young domestic investors who want to participate in our capital markets. This shows strong interest in the Indonesian market from both local and foreign investors. We've had 2 IPOs over $1 billion this year and 3 over Rp1 trillion. Bukalapak, one of Indonesia's largest e-commerce companies, just raised $1.5 billion through its IPO, which is the country's largest IPO to date. The average age is as young as 26.Īt the same time, it has been the best year ever for the new listings. When I joined IDX last year, we had about two million active users, now seven million. What progresses have you made?Īt the IDX, my job is to help more companies go public, particularly the high-growth tech companies, and to make the stock market a more suitable platform for young people to invest. Q1: As a IDX commissioner, you mentioned that it’s your mission to help local tech companies go public. Pandu talks about the present and future of the Indonesian stock market: His mission is backed by his wealth of experience and achievements, unrivalled network, a strong sense of responsibility to serve the nation, and a passion to empower young people to understand and access capital markets. Pandu Sjahrir, student of the BRI EMBA Program Inaugural Cohort, is working to help tech enterprises to list at the IDX – a mission since he became IDX Commissioner. They are explorers of the new economy and emerging markets, boldly scouting for market and technological innovations, leading enterprises to brave the storm in the post-epidemic era, as well as trendsetting the new globalization. Students of BRI (Belt and Road Initiative) Finance EMBA Program, are actively seeking new opportunities under the Belt and Road Initiative. As the rises and falls in these turbulent times, seasoned enterprises and institutions are striving to live with crises. Under the COVID-19 outbreak, a new round of technological and industrial revolution are profoundly reshaping the global economic structure, leading to a new wave of globalization and democratization of ideas and opportunities.
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