Indonesia's new tax regulations could impact tech IPOs

Jakarta

INDONESIA is a hotbed for tech startups these days, with billions of dollars poured into the tech sector in recent years as investors - including significant players from or based in Singapore - continue to ride the digital wave.

Flushed with cash, a number of Indonesia-focused start-ups such as the newly formed GoTo are considering dual listings in Indonesia and the United States, or on stock markets outside Indonesia.