Client Alert: IDX Issued a New Listing Rule

The Indonesia Stock Exchange (IDX) issued a new listing rule on 21 December 2021 (“New Listing Rule”).

This New Listing Rule introduces: (i) a new free float definition; (ii) new requirements for an initial listing and maintaining listing on the IDX; and (iii) new procedures and requirements for transferring the listing of a listed company from the IDX’s main board to the development board and vice versa.

In addition, this New Listing Rule also accommodates the listing of tech start-ups on the IDX to address the procedures under the OJK’s rule governing the implementation of classes of multiple voting rights share, for which is accessible in our previous alert.

For more details on the New Listing Rule, click here.