This Year, IPO has Potential to Go beyond Target

By : Herry Barus And Aldo Bella Putra | Wednesday, October 11 2017 - 23:00 IWST

Indeks harga saham gabungan (IHSG) di gedung Bursa Efek Indonesia (dok INDUSTRY.co.id)
Indeks harga saham gabungan (IHSG) di gedung Bursa Efek Indonesia (dok INDUSTRY.co.id)

INDUSTRY.co.id - Jakarta - Indonesia Stock Exchange (IDX) said that the number of initial public offering (IPO) this year has the potential to exceed the target of 35 companies.

IDX Director of Corporate Assessment, Samsul Hidayat said in Jakarta on Wednesday (11/10/2017) that during this year there have been 26 companies that have listed their shares in IDX through IPO mechanism.

"Currently there are about 10-11 companies that will hold a stock IPO in 2017. Hopefully the process is smooth," he explained.

He noted that 80 percent of the companies that are in the process of the IPO, will be listed on the development board, while the rest are on the main board. BEI, there are two trade boards namely the main board and development.

He explained that the main board is a record-keeping board provided for listing shares of companies with net tangible assets of at least Rp100 billion and having operational experience of at least 36 months.

While the development board is a record-keeping board provided for listing the shares of a company with net tangible assets of at least Rp 5 billion and having operational experience of at least 12 months.

Earlier, IDX President Director Tito Sulistio said that in 2018, the company is targeting 35 companies to conduct IPO. The target is assuming national economic growth above 5.2 percent.

"Next year we will still target 35 IPO companies," he said.

He expects that the increase in the number of issuers in the IDX also helped push the value of daily transactions increased. Currently, the average daily transaction value on IDX reaches around Rp7.3 trillion to Rp7.4 trillion. (Ant)

News Comment

Today's Industry

Images By : Freepik

Sabtu, 14 September 2024 - 16:56 WIB

Essential Tips for Choosing Personal Health Insurance in the US

Choosing the right health insurance plan in the United States can be a complex task, especially with the variety of options available and the ever-changing landscape of healthcare policy. Here…

Images By : Freepik

Sabtu, 14 September 2024 - 16:53 WIB

The Top 10 Insurance Companies in the US for 2024

In the ever-evolving landscape of insurance, selecting the right company can significantly impact your financial security and peace of mind.

Images By : Freepik

Jumat, 13 September 2024 - 15:37 WIB

Why Airbnb Become Popular in 2024?

Airbnb fosters a more interactive experience between hosts and guests. Through direct messaging, guests can inquire about specific details, negotiate pricing, or clarify expectations, which…

Flag of the United Nations Organization.

Kamis, 15 Agustus 2024 - 14:26 WIB

Modena Officially Becomes a Member of the UN Global Compact

Commited to transforming towards sustainable business practices, Modena the global home appliance established over 60 years ago in Italy, officially became a member of the UN Globe Compact (UNGC)…

Totolink outlet. (Photo: Public Relation of Totolink)

Kamis, 11 Juli 2024 - 22:08 WIB

Totolink Strengthens Commitment to Innovative and Reliable Network Solutions for Indonesia

Marking a strategic step, Totolink Indonesia proudly announces the enhancement of its head office in Jakarta, located at Harco Mangga Dua Blok E No.28, Sawah Besar, Central Jakarta.