Indonesian VC recommends Tokyo IPO amid Japan stock boom

Indogen Capital says Nasdaq 'too far' to reach for Southeast Asian startups

20240405 Tokyo Stock Exchange

The Tokyo Stock Exchange has seen an increasing number of inquiries from Southeast Asian startups considering IPOs. (Photo by Mizuho Miyazaki)

NANA SHIBATA, Nikkei staff writer

JAKARTA -- Indonesian venture capital firm Indogen Capital is advising startups to go public in Tokyo as shares traded on the Japanese market are surging this year.

"Now, in 2024, suddenly the JPX is becoming prime, even better than the Nasdaq or even the [New York Stock Exchange]," Managing Partner Chandra Firmanto said, referring to the Japan Exchange Group, which operates the Tokyo Stock Exchange.

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