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The Billion Dollar Moment: A Paradigm Shift for Indonesian IPOs.

To foreign ears, our answers would sometimes give pause, as we explained the most common exit scenario in Southeast Asia is Merger & Acquisition (M&A), with only a few regional tech Initial Public Offerings (IPOs) on the books and zero on our home exchange. But even with this big question mark looming over our digital economy, Indonesia’s tech scene has managed to flourish nonetheless.

And this brings us to today, a critical moment in history when the stars are genuinely trying to align between the private sector and financial regulators to let loose a cascade of tech IPOs on the IDX.

Local e-commerce unicorn Bukalapak’s debut generated serious interest in the potential of our local exchange. In an IPO that was oversubscribed several times over, the local firm managed to raise US$1.5 billion, making it the largest IPO in the history of IDX. Experts will tell you that Bukalapak is only the tip of the iceberg.

Like investors, government officials, too, can see the writing on the wall, as they are considering a variety of policy updates to make the local exchange more hospitable to tech brands. In this sense, we are humbled by the government’s endorsement and validation of our vision for the future.

As part of Mandiri Group’s mission to build and serve the digital economy, we aim to nurture startups from their early days and guide them to profitable IPO scenarios. Mandiri Capital Indonesia (MCI) offers funding for startups and synergy with our parent company, while Mandiri Sekuritas provides underwriting for tech companies to go public and a full array of related financial services. If this aligns with your vision, feel free to reach out. Let’s get your company listed on the IDX.

We hope you find value in this study, as we seek to inspire you to take action and get involved with local technology IPOs. It’s a very special time indeed for ASEAN’s digital economy, and we do not want you to miss out.

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