Indonesia bourse IDX weighs dual-class share structure to woo IPO-ready unicorns

An electronic board at the Indonesia Stock Exchange (IDX) in Jakarta. REUTERS/Beawiharta

Indonesia Stock Exchange is weighing options to allow a dual-class share structure as the bourse seeks to draw listing interest from homegrown tech upstarts including several of the country’s IPO-ready unicorns.

IDX director I Gede Nyoman Yetna told DealStreetAsia that the bourse has conducted a legal review and held discussions with stakeholders on the issue of permitting dual-class structure to companies seeking to list on the bourse.

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