1. Startup

Red Carpet for Startup on the Stock Market

The IDX has prepared some relaxation rules to embrace three unicorns. The Indonesian stock exchange is expected to get more exciting

The rhetoric of unicorn startups' going IPO has been heating up since the beginning of this year considering it's "time" for early generation's VC investment startups to reach the mature stage, aka cash out to be returned to the LPs.

Therefore, it is only natural that the Indonesia Stock Exchange (IDX) openly announced that the three Indonesian unicorns are to get a dual listing. At least Gojek, Tokopedia, and Traveloka have been widely reported about its IPO this year. IPO is a way of exit for investors, apart from mergers, acquisitions, or issuing new shares.

Regardless of the technology startup status, the company's ambition to go public is a very strategic decision as it requires a commitment to obeying stock exchange rules with good governance.

To date, technology startups that have gone public is not quite many. The IDX racked the brains to make IPOs friendly to disruptive types of companies and chose to focus on pursuing growth rather than looking for profit. Establishing acceleration boards, simplifying regulations, and creating the IDX Incubator program are some of the efforts.
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