REPUBLIKA.CO.ID, JAKARTA -- Indonesia Stock Exchange (IDX) sees several football clubs show their interest on Initial Public Offering (IPO) following Bali United (BOLA)’s move on listing publicly. Director of Listing of IDX, I Gede Nyoman Yetna, said listing publicly would give some advantages.
“Football club can use stock exchange as a means to transform and grow,” Nyoman said on Monday (29/3)
He explained that, as a public company, the advantage was not only fresh fund during IPO, but also sustainable fund. It can be achieved when the public company reissue their stock through right issue.
If public ownership reaches more than 40 percent, government will further cut corporate income tax by 3 percent. This corporate action can be a promoting tools as well as gaining strategic partner and sponsorship.
“When a company becomes public listed company, the exposure will increase because it is exposed to analysts, media, investors, and so on,” Nyoman explained.
The football club also gets other advantages, such as gaining profitability or efficiency, while strengthening corporate governance. Their supporters can also get the ownership of their favorite club. Thus, it creates engagement.
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Stock exchange also positively welcomes Persis Solo plan on IPO. The IDX will support their move through discussion and information sharing about IPO and public listed company.
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