Market Views: What drives Indonesia’s rising IPO activity?
Indonesia's emergence as a leading player in IPOs, driven by its abundant battery metal reserves and promising green energy sector, is also prompting speculation on its shifting investor perception and economic potential.
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Indonesia has emerged as a formidable player in the world of initial public offerings (IPOs) in 2023.
This archipelagic nation, known for its vast reserves of battery metals, has surpassed all expectations, leaving Asian economic powerhouses like Hong Kong, India, South Korea, and Japan in its wake.
According to recent data from Dealogic, Indonesia currently ranks as the world's fourth-largest market for newly listed companies, based on the amount of capital raised.
At the end…
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