How the Presence of SPAC and "Dual Class Shares" Boost the Presence of Unicorn Startups on the Stock Exchange

The Indonesia Stock Exchange (IDX) has made many improvements since the beginning of the year to welcome the presence of three unicorn companies. A number of relaxations have been prepared, one of which is to allow them go public using SPAC (Special Purpose Acquisition Company) and issuing dual class shares (dual class shares). These two plans are being discussed in the internal exchange.

From the statement that DailySocial Thank you, IDX Director of Corporate Valuation I Gede Nyoman Yetna Setia said SPAC and dual-class shares (DCS) is currently under internal review, discussing with authorities and stakeholders regarding the potential implementation and regulation in Indonesia.

According to him, in every process of preparing stock exchange regulations, his party will first make comparisons with several other exchanges in other countries to be able to determine best practice to be implemented in Indonesia.