Indonesia may see major listings in 2024 but IPO-hopefuls will need compelling narrative

Indonesia may see major listings in 2024 but IPO-hopefuls will need compelling narrative

Photo: Afif Ramdhasuma / Unsplash.com

Indonesian companies looking to tap the public market are expected to go slow on their initial public offering plans in the early part of 2024 on account of several factors such as the upcoming presidential elections in the country and the prevailing global macroeconomic uncertainties, high-interest rate environment and rising geo-political tensions.

Edited by: Padma Priya