COVID rebound, regulatory reforms may rekindle Indonesia's IPO market in 2021

COVID rebound, regulatory reforms may rekindle Indonesia's IPO market in 2021

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

An initial public offering on the first trading day of 2021 was almost enough for the Indonesia Stock Exchange to match its most valuable listing during all of 2020 — giving market investors hope for a strong year in Southeast Asia’s largest economy.