Fore Coffee’s Listing Boosts Tech Sector

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.

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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.

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