JAKARTA -- Indonesian companies looking to tap the public market are expected to go slow on their initial public offering plans in the early part of 2024, on account of several factors such as the upcoming presidential elections in the country and the prevailing global macroeconomic uncertainties, the high-interest rate environment and rising geopolitical tensions.
With the presidential elections just a month away, most investors and startups will wait for policy directions from the new government before making any big moves.
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