IDX relaxes rules for tech companies looking to launch IPOs

Indonesia‘s stock exchange (IDX) has relaxed requirements for companies seeking to launch initial public offerings (IPOs), in an attempt to encourage more listings by startups.

The change came as authorities seek to persuade the likes of GoTo Group, created through the merger of ride-hailing app Gojek and e-commerce company Tokopedia, to launch IPOs at home.

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