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
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JAKARTA, Dec 7 (Reuters) – Indonesia’s Financial Service Authority (OJK) has issued rules on listing of technology companies’ shares with multiple voting rights, aimed at attracting more initial public offerings to its domestic exchange, the regulator said in a statement on Tuesday.
Southeast Asia’s biggest economy is home to a number of tech unicorns, or companies that have attained a valuation of $1 billion without tapping the stock markets.
Authorities have been trying to lure such companies, including GoTo Group – a merger of ride-hailing app Gojek and e-commerce giant Tokopedia – and travel app Traveloka to list domestically.