JAKARTA. The Financial Services Authority (OJK) claimed that the exchange would be welcoming three technology companies that had earned their unicorn and decacorn statuses. They would enter the big cap list with capitalisation of over IDR 100 trillion.
Executive Head of Capital Market Supervisor of OJK, Hoesen, explained that by the arrival of these three companies, the technology sector has a high prospect of becoming the top leading sector in Indonesia’s capital market in the future. Currently, the market cap of the technology sector only reaches 5% of the total market cap. Hoesen elaborated the news in the virtual session of Investor Daily Summit 2021 yesterday (15/7).
According to Hoesen, these three technology companies are unicorn and decacorn companies with a total value of approximately USD 21 billion, equal to IDR 304 trillion.
Hoesen prays that the addition of big tech companies in Indonesia’s capital market could boost the domestic market cap, thus growing its charm in the eyes of investors, especially foreign investors. (AM/ZH)