Indonesia Stock Exchange’s first listing for 2020 is Shariah-compliant digital travel marketplace start-up Pigijo
The first company this year to be listed on the Indonesia Stock Exchange (IDX) is Shariah-compliant stock PT Tourindo Guide Indonesia, or Pigijo.
The company raised 12 billion rupiah ($861,470) in an initial public offering (IPO) of its shares and listed on IDX’s Acceleration Board on Wednesday (Jan 8), according to data from the IDX. Pigijo is also the first company to list on the new SME-focused board.
Pigijo is an Indonesia travel planner and marketplace that aggregates local experiences, guides, car rentals, and homestays.
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