Indonesia surpasses Singapore to conduct most IPOs in 2018

Indonesia surpasses Singapore to conduct most IPOs in 2018

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

Indonesia has for the first time surpassed Singapore in terms of both volume and value of initial public offerings (IPOs) in Southeast Asia, according to a report by Duff & Phelps.

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