Stocks under pressure but the IPO frenzy on IDX refuses to die down

IDX
An electronic ticker board displays stock prices inside the Indonesia Stock Exchange (IDX) in Jakarta, Indonesia, on Thursday, Dec. 17, 2015. Photographer: Dimas Ardian/Bloomberg

In the space of a year, Indonesia’s stock market has gone from being one of Southeast Asia’s best performers to one of its worst, but one thing hasn’t changed: initial public offerings are still on fire.

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