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OJK ups 2022 capital market fundraising target, confirms BliBli IPO
The Financial Services Authority (OJK) has upgraded its target for the growth of the domestic capital market to more than Rp 182 trillion this year, more than 4 percent higher than initially projected.
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A man watches stock price movements on a screen in Jakarta on Feb. 24. The Indonesia Stock Exchange Composite index closed down 1.48 percent at 6,817.82 points amid a decline in regional and global stock markets due to the conflict between Russia and Ukraine. (Antara/M Risyal Hidayat)
T
he Financial Services Authority (OJK) has upgraded its target for the growth of the domestic capital market to more than Rp 182 trillion (US$11.94 billion) this year, more than 4 percent higher than initially projected.
OJK head of capital market supervision Inarno Djajadi told reporters on Monday that the watchdog had initially projected that between Rp 125 trillion and Rp 175 trillion in funds would be raised in the capital market this year, but that range had already been exceeded in September.
The assessment is based on funds expected to be raised from initial public offerings (IPOs), right issues and bond issuance.
“We have reached our 2022 target. Then we revised the target for this year upward, to Rp 182.5 trillion,” Inarno said during a monthly OJK briefing.
Read also: INA seals ‘good deal’ in OTA business with US$300m funding for Traveloka
Notwithstanding the revision, the projected amount remains far below the Rp 363.3 trillion realized last year, when right issues accounted for the lion’s share with Rp 197.3 trillion, followed by Rp 104.4 trillion in bond issuance and the rest from IPOs.
As of September, 48 companies have gone public this year, according to the OJK.
