JAKARTA -- As the coronavirus pandemic prompted international investors to flee Indonesia, sending the stock market to an eight-year low, the directors of Aesler Group International, an architecture practice, held their nerve.
Despite the global uncertainty, Aesler on April 9 became the first company of architects to list on the Indonesia Stock Exchange. It has been one of 27 listings so far this year, a wave that has propelled Indonesia to the top of Southeast Asia's IPO rankings in 2020.
