The Indonesia Stock Exchange is considering implementing a minimum proceeds requirement for IPOs as part of an effort to improve its listing regulations.
The President Director of IDX, Iman Rachman, stated that the proposed threshold would be more than 10% of the total IPO proceeds.
This proposal is currently being discussed with Indonesia's Financial Services Authority and aims to enhance the market's integrity and attract larger investments.
Rachman expressed optimism that these reforms could be approved as early as next year, indicating a potential change for companies seeking to list on the exchange.