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Jakarta Post

More companies expected to float shares on IDX in second half

  • Riska Rahman

    The Jakarta Post

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j   /   Thu, July 11, 2019   /  04:07 pm
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A digital monitor displays the movement of stock prices on the Indonesia Stock Exchange (IDX)(Antara/Sigid Kurniawan)

The Indonesia Stock Exchange (IDX) is seeing an influx of new listings in the second half, as more companies have unveiled plans to carry out an initial public offering (IPO) in the remaining months of this year. As of Thursday, 34 companies had listed their shares on the IDX and another is expected to float its shares on Friday, the exchange’s data show.  Therefore, as of Friday, there will be 35 listings, of the total, 25 listings were made after the presidential and legislative elections in April.   IDX assessment director I Gede Nyoman Yetna said on Monday that nine more companies were waiting to list their shares in the remaining months of the second half, bringing the total number of new listings to 42. Thendra Crisnanda, head of research at securities firm MNC Sekuritas, told The Jakarta Postthat the number of new listings would significantly inc...