This Year, IPO has Potential to Go beyond Target

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)