From Warung to Wall Street: Indo Tech IPO Prospects with Andy Tai of Goldman Sachs
FACT: There are 160 Chinese companies listed in the US, most of them internet companies. They represent roughly USD1.5trn in value.
FACT: From Southeast Asia, we have exactly one internet company listed in the US with a market cap of USD50b. There are moreover zero US-listed Indonesian tech companies.
What important milestones do Indonesia’s tech companies need to achieve in order for the IPO pipeline to begin flowing? How does one define a successful IPO? What are the most viable places for Indonesian companies to list? We discuss these and many other questions with one of the region's foremost tech banking practitioners, Andy Tai of Goldman Sachs.