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.