BEI-OJK Reviews IPO Share Allotment Rule

By : Herry Barus And Aldo Bella Putra | Tuesday, December 05 2017 - 22:30 IWST

Bursa Efek Indonesia (Foto Rizki Meirino)
Bursa Efek Indonesia (Foto Rizki Meirino)

INDUSTRY.co.id - Jakarta - The Indonesia Stock Exchange (BEI) together with the Financial Services Authority (OJK) is conducting a study to set the portion of the allotment of retail and institutional investors at the time of initial public offering (IPO) in order to maintain the liquidity of the transaction.

"We are reviewing the allocation of the share allocation portion in the IPO, fix fixing portion and pooling allotment sometimes bigger fix, while pooling is sold to small communities so the stock price is less attractive," said Director of Assessment IDX Company, Samsul Hidayat in Jakarta, Tuesday (5/12/2017)

He said that the allocation of allotment of shares in the IPO will be fixed through OJK regulation, so far the regulation is not regulated. The plan, the allocation for the public is greater so as to encourage trade activity.

Currently, he added, the portions of allotment fixes of IPO shares are majority owned by institutional investors who are only liquid in the early days. That's because long-term investment-oriented characteristics.

"Later, the pooling allocation is big, now there is no regulation.In some countries pooling allotment is big enough about 5 percent to 10 percent of the total shares to be released," he told media crew.

Related to the IPO in 2017, Samsul Hidayat optimistic as many as 35 companies will implement the IPO in 2017 will be achieved. As of today (5/12), 31 companies have officially listed their shares on BEI through an IPO mechanism.

"There are 31 companies officially listed their shares, there will be another on December 13. That means there are only three companies to be listed in 2017," he said.

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