Indonesia's IPO Market Thrives Despite Global Downturn, Dominates Southeast Asia
KONTAN.CO.ID - JAKARTA. The relatively stable Indonesian economy has instilled confidence in several companies to seek capital from the capital market by going public. Even with a global downtrend in initial public offerings (IPOs) in terms of both quantity and value, Indonesia's IPO market remains vibrant, witnessing substantial offerings on the Indonesia Stock Exchange this year.
While globally, IPO trends have been declining due to slower economic growth, tight monetary policies, and increasing geopolitical tensions, Ernst & Young (EY) research reveals a contrasting scenario in some emerging markets.
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