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IDX launches information center to lure issuers, 3 more to follow
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The Indonesia Stock Market (IDX) has opened an investment gallery at the Kupang Muhammadiyah University in Kupang, East Nusa Tenggara, as part of ongoing efforts to increase the investor base in the stock market. (thejakartapost.com/Djemi Amnifu)
T
he Indonesia Stock Exchange (IDX) has launched an information center to encourage companies to go public for financing purposes, due to the low amount of listed companies in the country compared to other Asian nations.
Financial Services Authority (OJK) commissioner for capital market supervision Nurhaida said there were three key elements to boosting the capital market: initial public offerings [IPO], investors and a system or tool.
“This information center is a tool to support the first two elements […] We have planned this information center for a long time, as there have been lots of potential issuers who want to go public but they don’t know where to go,” she said in Jakarta on Monday.
The first ‘Go Public’ Information Center is located at the IDX building in Central Jakarta, while other units will soon be launched in Surabaya, Bandung and Medan.
According to the World Federation of Exchange (WFE), there are currently 527 listed companies in the country, far below Malaysia (904), South Korea (1,981), Japan (3,521) and India (7,760).
“This year, we aim to enlist 35 new companies to the IDX,” said IDX president director Tito Sulistio, adding that companies could find information on IPO requirements and relevant regulations on the website www.gopublic.idx.co.id. (vps/ags)
