Fore Coffee’s Listing Boosts Tech Sector

FORE’s recent IPO has given a noticeable tailwind for the capital market’s technology index, pushing it to outperform the main index.

Asteria Desi Kartika Sari,Duwi Setiya Ariyanti
Selasa, 15 April 2025 | 17:47

Bisnis.com, JAKARTA — The Indonesia Stock Exchange (IDX)’s technology sector, represented by the IDXTECHNO index, recently saw a boost following the listing of tech-based coffee startup PT Fore Kopi Indonesia (FORE) on Monday (14/4).

IDXTECHNO gained 1.55% during the day and 78.95% year-to-date (YTD), as FORE hit its upper auto rejection (ARA) limit during its first trading day due to high demand. The IPO stock was also heavily oversubscribed.

Bisnis Indonesia Premium Terbaru