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Start-up digest: Which Indonesian firms have IPO plans?
Big names in Indonesia's internet economy, such as Traveloka and GoTo Group, have set in motion plans to go public in the near future. Some are weighing conventional initial public offerings (IPO) in Indonesia or abroad, while others are considering special purpose acquisition companies (SPAC).
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Indonesia Stock Exchange (IDX) is trying to woo big tech start-ups by allowing them to use SPACs and conduct dual-class listings, both hot topics among tech start-ups worldwide. (Antara/M Risyal Hidayat)
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o:p>More and more Indonesian start-ups are announcing plans to go public after talks over mergers and special purpose acquisition companies (SPAC) escalated in recent months.
Indonesia Stock Exchange (IDX) is trying to woo big tech start-ups by allowing them to use SPACs and conduct dual-class listings, both hot topics among tech start-ups worldwide.
The move comes after several local unicorns, which are companies valued at more than US$1 billion, were reportedly considering listing abroad.
Read also: IDX to allow SPACs, hopes Indonesian unicorns will go public locally
Below are some Indonesian companies that have announced plans to go public in the near future.
Tiket.com
The latest start-up to announce IPO plans is online travel agency (OTA) Tiket.com. Its chief executive, George Hendrata, stated last month that the company would go public this year.
