Indonesia IPOs surge ahead, defying coronavirus slump

IDX has Southeast Asia's most active new listings market

20200512 IDX

Architecture firm Aesler is one of 27 Indonesian companies that have gone public this year, making the Indonesia Stock Exchange the most active IPO market in Southeast Asia. © AFP/Jiji

ERWIDA MAULIA, Nikkei staff writer

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.

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