TEMPO.CO, Jakarta - The Indonesian Stock Exchange (IDX) viewed that the interest of investors toward digital startups is considerably high, which is a sign of potential positive growth for the industry.
“Several investors hope that that the startups can enter the capital market since they have a relatively affordable valuation. Especially since they have a good business growth,” said Samsul Hidayat, IDX corporate valuation Director in Jakarta today, March 27.
Startups can utilize public funding to develop its company through an initial public offering (IPO).
“This is why we invite startup companies to enter the capital market as a place to develop its businesses,” said Samsul.
He further explained that domestic startup corporations have the chance to earn the "Unicorn" status, which is a corporation with a valuation exceeding US$1 billion if the current situation continues to develop.
A similar sentiment was also shared by Kresna Securities Chairman Oktavianus Budiyanto, who said that the chances of digital startups to enter the capital market is very much open following high interests from investors.
ANTARA
