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The Indonesia Stock Exchange in Jakarta in September. In 2020 the amount raised in IPOs on the exchange was lower than in most other regional economies.   © AFP/Jiji
Market Spotlight

Indonesia expects 2021 IPO boost from reforms and COVID rebound

Startups and state-backed companies set to improve listing outlook

ERWIDA MAULIA, Nikkei staff writer | Indonesia

JAKARTA -- An initial public offering on the first trading day of 2021 was almost enough for the Indonesia Stock Exchange to match its most valuable listing during all of 2020 -- giving market investors hope for a strong year in Southeast Asia's largest economy.

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