Traveloka is planning to be listed in the US stock exchange
JAKARTA - Traveloka plans to conduct an initial public offering (IPO) on the United States stock exchange, but the unicorn company is still considering listing on the Indonesia Stock Exchange (IDX).
Reza Amirul Juniarshah, Corporate Communication of Traveloka, conveyed that the company is currently in the finalisation stage of planning and selecting the best route to become a public company. "Of course, Traveloka still considers the IDX as a floor location in Indonesia," he said as quoted by Kontan this week.
Reza argued that the US stock market was getting more attractive, because Wall Street saw Southeast Asia as a region with fast development and high growth potentially.
By listing on the US stock exchange, it will allow Traveloka to be more competitive at the global level. "It may allow us to bring more resources to Indonesia and Southeast Asia than can be anticipated," said Reza. (AM/VA)