TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsIDX sets ‘ambitious’ 2026 IPO target after slower year
The Indonesia Stock Exchange (IDX) has set an ambitious IPO target for 2026 and is seeking to draw more large-cap listings after a subdued year marked by a stricter focus on listing quality.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
The trading floor of the Indonesia Stock Exchange (IDX) (JP/Wienda Parwitasari)
T
he Indonesia Stock Exchange (IDX) has set an ambitious target for initial public offerings (IPOs) in 2026 and is seeking to attract more large-cap issuers after a year of subdued activity driven by its tighter focus on listing quality.
According to IDX data, 26 companies went public in 2025, falling short of the bourse’s 2025 target for the number of listings and marking a decline from 2024’s 41 IPOs.
Nine more potential issuers remained in the pipeline, including six classified as large companies with assets exceeding Rp 250 billion (US$14.94 million).
Reuben Tirtawidjaja, strategy and transactions partner at EY-Parthenon Indonesia, said that, given the pace of listings in 2025 year, a target of 50 IPOs for 2026 could be considered “quite ambitious”.
While not “entirely impossible,” he said the IDX’s strategy of attracting so-called lighthouse companies – issuers with a minimum market capitalization of Rp 3 trillion and a 15 percent free float – could help stimulate market activity.
“The majority of 2025 IPO share prices have generally been well received,” Reuben told The Jakarta Post on Dec. 16.
He noted that only nine of the 25 companies that had gone public at the time were trading below their IPO prices, while at least seven had seen their shares more than double, signaling strong investor confidence.
