Old economy firms shore up Indonesia's IPO market as tech giants retreat

Old economy firms shore up Indonesia's IPO market as tech giants retreat

Image by graystudiopro1 on Freepik

A slew of ‘old economy’ stocks, in sectors ranging from energy to commodities, have either debuted or are preparing to debut, on the Indonesia Stock Exchange (IDX) this year. Thanks to these traditional businesses, the country’s overall IPO scene may remain buzzing even as the outlook for tech listings remains bleak in 2023.

Edited by: Pramod Mathew

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