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Capital Market Talk activity - 

The Ministry of Tourism and Creative Economy/Tourism and Creative Economy Agency (Kemenparekraf/Baparekraf) in collaboration with the Indonesia Stock Exchange (IDX) held a Capital Market Talk activity as an effort to increase understanding and opportunities for tourism and creative economy business actors (parekraf) regarding the capital market, especially schemes Initial Public Offering (IPO).

The activity took place in Bekasi City and is the second city in a series of program activities "Roadshow of Parekraf Business Towards IPO".

The Director for Access to Financing of the Ministry of Tourism and Creative Economy, Anggara Hayun Anujuprana, in his statement, Thursday (13/4/2023), said that this activity aims to introduce and inspire companies in the tourism and creative economy sector about the capital market, especially the Initial Public Offering (IPO) scheme.

He said the opportunities and potential for parekraf business actors to penetrate the capital market were very high. Data from the Indonesian Central Securities Depository (KSEI) states that the number of retail capital market investors has exceeded 10.31 million investors as of December 2022. This number has increased by 37.68 percent compared to the end of December 2021 or as many as 7.48 million investors.

"This opportunity is expected to encourage and accelerate Tourism and Creative Economy business actors to be able to take the floor on the Indonesia Stock Exchange with an initial public offering scheme or better known as an Initial Public Offering (IPO)," said Hayun.

Therefore, said Hayun, Kemenparekraf/Baparekraf prepared various tiered programs that could support the capacity and capability of parekraf business actors in penetrating the capital market as an effort to obtain capital.

According to a release received by Voice of Indonesia on Thursday, in addition to literacy activities related to the capital market in the Capital Market Discussion activity, the Ministry of Tourism and Creative Economy also developed the "KreatIPO Coaching Clinic" which is a one on one meeting activity with supporting professionals in order to identify IPO readiness for regulatory, financial, legality and underwriter readiness aspects.

Apart from that, there is also selection to enter the IDX Incubator, coaching by IDX Incubator and monitoring by the Ministry of Tourism and Creative Economy, as well as holding a Demoday to bring together companies with supporting professionals who will help prepare for the IPO.

Head of IDX Incubator, Aditya Nugraha, explained, IPO is not the finish line in fundraising companies in the capital market. Rather, it is a starting point because companies can raise funds through the issuance of new shares through a rights issue or private placement.

"Besides aiming to seek unlimited funding, an IPO is also useful for enhancing corporate image, accelerating GCG, obtaining tax incentives, and others," said Aditya.

Meanwhile Claudia as the Main Commissioner of PT Taurindo Guide Indonesia Tbk or better known as Pigijo, revealed five main keys for business actors to be able to penetrate the capital market through the IPO scheme. Namely business strategy (product market, technology, agility), timing (external conditions and trends), having a professional support team, equity story, and networking.

"Companies with fewer than nine employees or even small companies can do an IPO. Because now the government is opening up opportunities by providing acceleration boards," said Claudia//VOI