Indonesian conglomerate Emtek mulls IPO for OTT platform Vidio

Indonesian conglomerate Emtek mulls IPO for OTT platform Vidio

Emtek Group vice-president Sutanto Hartono. Photo: company document

Indonesian conglomerate Emtek Group, the top shareholder of IDX-listed online marketplace Bukalapak, is exploring options of conducting an initial public offering for its Netflix-like video streaming unit Vidio.com when the market conditions are favourable.