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IDX optimistic to enlist new 35 companies this year
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Indonesia Stock Exchange (IDX) president director Tito Sulistio (right), accompanied by IDX director of transaction monitoring and compliance Hamdi Hassyarbaini (center) and IDX director of development Nicki Hogan (left), talks at a media conference on Jan. 18. (the jakarta post/Wienda Parwitasari)
T
he Indonesia Stock Exchange (IDX) is optimistic that 35 companies will make initial public offerings (IPOs) this year, despite the slow progress in the first four months of the year.
IDX president director Tito Sulistio said 12 private companies were arranging IPOs and had appointed underwriters to change their status from private to listed companies.
"They have appointed underwriters, and the rest will soon follow. There are others that are assessing the price and the market," Tito said as quoted by tribunnews.com in Jakarta on Thursday.
The 12 companies, he further explained, were engaged in businesses ranging from energy to financial services. He declined to go into detail or state the amount of targeted proceeds. However, he said, one of them was eyeing Rp 4 trillion (US$300 million) in proceeds.
The Financial Service Authority (OJK) is processing IPO permits for the company, Tito said.
Since the beginning of the year, the only four companies have listed on the IDX. The latest one, Bank Ganesha, launched its initial listing on Thursday. (ags)
