Indonesia's IPO market stalls as quality reforms deter potential issuers

Indonesia has become one of the weakest IPO market among Southeast Asia's major economies despite a regional rebound. (Nikkei montage/Source photos by Reuters and Yuki Kohara) 

Pause comes as policy uncertainty rattles investors in ASEAN's biggest economy

JAKARTA -- A market overhaul in Indonesia aimed at restoring investor confidence is slowing the country's initial public offering, with tougher listing standards and persistent policy uncertainty prompting companies to delay share sales despite a number of large potential deals.