TEMPO.CO, Jakarta - The Indonesia Stock Exchange (IDX) director of companies appraisal Samsul Hidayat said that 22 companies are planning to launch an initial public offering (IPO) this year. “The number continues to rise,” he said yesterday at the IDX building in Jakarta.
Samsul said that the companies will include December 2016 financial statement in the IPO filing. They are expected to hold an IPO in the first half of the year. The registration process of the IPOs is underway at the Financial Services Authority (OJK). Failing to get the OJK’s approval in the first half of the year, the IPO will be held in the next half.
According to Samsul, the IPO will be held by companies engaged in various sectors. “Such as property, transportation, retail, etc,” he said.
Earlier, nine subsidiaries of state-owned enterprises (SOEs) had also planned to hold an IPO this year. Samsul, however, said that the companies have yet to submit their documents to apply for an IPO. “Maybe they need time prepare it,” he said.
The IDX is aiming to attract 35 new issuers this year. Last year saw 16 new issuers trading in the IDX out of the target of 35 new issuers.
VINDRY FLORENTIN
