Valuation reset sets the stage for tech IPO revival in Indonesia

Valuation reset sets the stage for tech IPO revival in Indonesia

FILE PHOTO: A worker wearing a protective mask cleans the floor near an electronic board displaying the stock market index at the Indonesia Stock Exchange (IDX), as the outbreak of the coronavirus disease (COVID-19) continues, in Jakarta, Indonesia, September 8, 2020. REUTERS/Willy Kurniawan

The tech IPO boom seen in Indonesia during the early pandemic years slipped into a lull in 2023 as easy capital dried up and investors became averse to non-profitable companies. Now, with valuations moderating, conditions have improved for tech startups looking to test the public markets, say experts.

Edited by: Pramod Mathew