The proposal, along with several other reforms, are under discussion with Indonesia’s Financial Services Authority. Rachman said they may be approved early next year.
The Indonesia Stock Exchange (IDX) is considering requiring minimum proceeds for initial public offerings as part of efforts to revamp listing rules.
“We are proposing more than 10%” in minimum IPO proceeds, IDX President Director Iman Rachman said in an interview on the sidelines of the World Federation of Exchanges annual gathering in Kuala Lumpur last week.
