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IDX May Exceed 2017 IPO Goal
An employee walks in front of an electronic board at the Indonesia Stock Exchange (IDX) in Jakarta, August 22, 2016. REUTERS/Iqro Rinaldi
Wednesday, 11 October, 2017 | 19:26 WIB
IDX May Exceed 2017 IPO Goal

TEMPO.CO, Jakarta - The Indonesia Stock Exchange (IDX) said that the number of initial public offerings (IPO) this year may exceed the bourse`s initial target, which is by 35 companies.

IDX director for Corporate Assessment Samsul Hidayat said on Wednesday that, so far this year, 26 companies have listed their shares on IDX through IPOs.

He said that 10 to 11 more companies will go public in the remaining months of 2017.

According to Samsul, 80 percent of the companies that are in the process of IPOs will be listed on the development board, while the rest will be listed on the main board.

The IDX's main board lists the shares of issuers with a minimum net asset value of Rp100 billion and have operating experiences of at least 36 months.

The development board is to list the shares of issuers with net assets of at least Rp5 billion and has been operating for at least 12 months.

For 2018, the IDX is targeting to list 35 new issuers.

IDX president director Tito Sulistio sometime ago said that the addition of newly public companies will increase the exchange's daily transaction value.

To date, the IDX's average daily transaction value is between Rp7.3 trillion and Rp7.4 trillion.


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