The Indonesia Stock Exchange (IDX) is making regulatory adjustments to accommodate large technology companies or unicorns to list the stock exchange.

The IDX said that it communicates intensively with several unicorn companies in Indonesia.

"Timing Initial Public Offering (IPO) or initial offering of company shares is based on the readiness of each internal company to meet IPO requirements, including the documents when submitted to the Stock Exchange," said IDX Director of Company Assessment, I Gede Nyoman Yetna, in a statement in Jakarta, Tuesday. (16/2).

According to Nyoman, in welcoming unicorn companies to list their shares on the IDX, the Exchange has taken steps to change and market needs and has considered benchmarking results to global exchanges.

"First, make adjustments to Regulation I-A, which is currently in the rulemaking rule stage. The Exchange has prepared several alternative listing requirements so that they can accommodate various company characteristics, including but not limited to unicorn companies in Indonesia," he explained.

Second, the IDX has also implemented a new sectoral for Listed Company, namely IDX-IC, on January 25, 2021. IDX-IC will reflect more on the sectoral of the Listed Company.

"So that they can be more compared with other listed companies on the IDX and also with other listed companies on the global stock exchange," said Nyoman.

Third, Nyoman said that the IDX has conducted a legal review and discussed with the authorities and stakeholders the potential implementation of Dual Class Shares with the Multiple Voting Shares scheme in Indonesia.

"Hopefully, with some of the efforts and policies carried out by the IDX together with stakeholders, it can attract the interest of many companies in Indonesia, including unicorns, to be able to take advantage of funding in the Indonesian capital market as a" house of growth "going forward," he said.