20 Companies Gear Up for IPO in Bourse Pipeline

As if last Friday (16/2/2024), 18 companies in the IPO pipeline have been listed on the bourse, with a total of IDR3.38 trillion funds raised.

Rizqi Rajendra

18 Feb 2024 - 15.29
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20 Companies Gear Up for IPO in Bourse Pipeline

Visitors carry out activities at the PT Bursa Efek Indonesia, Jakarta, Monday (5/2/2024). BisnisIndonesia/Eusebio Chrysnamurti

Bisnis, JAKARTA — The Indonesia Stock Exchange (IDX) has 20 companies in queue for initial public offering (IPO) as of February 16, 2024. The majority of prospective public-listers in the IPO pipeline have medium-scale assets.

Based on IDX's pipeline data, there are two companies with large-scale assets above IDR250 billion queuing for IPO, while three other companies have small-scale assets below IDR50 billion. The remaining 15 companies have medium-scale assets ranging from IDR50 billion to IDR250 billion still in queue for listing on the bourse.

IDX director of listing I Gede Nyoman Yetna said that as of Friday (16/2/2024), 18 companies in the IPO pipeline have been listed on the bourse, with a total of IDR3.38 trillion funds raised.

"Currently, there are 20 companies in IDX's stock listing pipeline," Nyoman said.

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