The Way SPAC and Dual Class Shares Drive Unicorns to Go-Public

The Indonesia Stock Exchange (IDX) has been improved since earlier this year to welcome three unicorns. Some relaxation has been prepared, one of which is allowing them to go public using SPAC (Special Purpose Acquisition Company) and dual class shares. These are currently being discussed in the internal unit.

DailySocial received a statement that IDX's Company Assessment Director,  I Gede Nyoman Yetna Setia said SPAC and dual-class shares (DCS) are currently in internal review, discussing with authorities and stakeholders regarding the potential for implementation and regulation in Indonesia.

He said, in every process of regulation drafting, his team will first make comparisons with several other stock exchanges in other countries to determine the best practices in Indonesia.