The Indonesia Stock Exchange (IDX) plans to introduce a minimum proceeds requirement for initial public offerings (IPOs) as part of efforts to revamp listing rules, IDX President Director Iman Rachman said. The proposed rule would require companies to raise more than 10% of their valuation in IPO proceeds, shifting from the current 10% minimum free float requirement. This move aims to address concerns over inadequate stock liquidity and high shareholder concentration, issues that came to light after PT Barito Renewables Energy was removed from FTSE Russell indexes in September. The IDX is advising firms with equity exceeding IDR2tr (USD126m) to comply with the new proposed threshold. With 25 IPOs in the pipeline, the exchange anticipates increased market activity by the end of the year.