IDX About to Break 100 IPOs, There's Still Homework To Do

The Indonesia Stock Exchange records 27 companies in the pipeline for IPO, putting the potential number of listings this year to reach 100.

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15 Okt 2023 - 20.35
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IDX About to Break 100 IPOs, There's Still Homework To Do

Ilustration of Indonesia Stock Exchange market activity./BISNIS

Bisnis, JAKARTA — The Indonesia Stock Exchange records 27 companies in the pipeline for IPO, putting the potential number of listings this year to reach 100.

I Gede Nyoman Yetna, Director of Listing at the Indonesia Stock Exchange (IDX), stated that as of October 13 2023, there are 27 companies in listing pipeline on IDX. The exchange has also recorded that as of October 13 2023, 73 companies have gone public, raising a total of IDR53.1 trillion.

If all 27 of the companies in the pipeline can be listed this year, the exchange will have welcomed a total of 100 new companies this year.

“Out of these 27 prospective companies, 11 of them are large-asset companies with a value of over IDR250 billion,” Nyoman said on Friday (13/10/2023).

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IDX About to Break 100 IPOs, There's Still Homework To Do

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