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Indonesia plans to create startup IPO market

Move comes as the country pursues its vision of becoming a regional cradle of technology entrepreneurs

Jakarta

INDONESIA plans to establish a dedicated section within its main stock exchange to host initial public offerings (IPOs) by startups, as South-east Asia's largest country pursues its vision of becoming a regional cradle of technology entrepreneurs. It wants to set up a new trading market - tentatively called the "technology board" - at the Indonesia Stock Exchange so founders and investors can more easily take their companies public, Communications and Information Technology Minister Rudiantara said.

The world's fourth-most populous country is on the cusp of an online boom after years of economic volatility, propelled by rising mobile penetration and one of Asia's youngest populations. E-commerce...

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