The Financial Services Authority of Indonesia has enacted a new regulation on Implementation of Stock Classification with Multiple Voting Rights (MVR) by Issuers with Innovation and High Growth Rates Conducting Public Offerings of Equity Securities in the Form of Shares (“POJK 22/2021”). The new regulation aims to attract more Initial Public Offering by tech-based company in Indonesia. 

Dentons HPRP’s lawyers, Erwin Kurnia Winenda (Partner), Rio Fabrianus Pasaribu (Senior Associate), and Shevanya Raina Kinanti Putri (Associate) have prepared a write up briefly elaborating on the highlighted provisions of POJK 22/2021 which may be applicable to the stakeholders of tech-based businesses in Indonesia.

The complete write up can be downloaded here.

Capital Markets practice, including IPO is one of Dentons HPRP key capabilities. For further information related to the services provided, please contact the Partner listed under key contact.