Eight Firms Eye Q1 IPOs at Indonesia Stock Exchange
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Eight companies are currently preparing for initial public offerings in the first quarter this year, Samsul Hidayat, a director at Indonesia Stock Exchange said Monday (06/02).
So far this year, only one company has completed an IPO at the exchange, which is aiming to list more than 35 new companies in 2018.
Among the eight companies in the pipeline are power company Sky Energy Indonesia and BTPN Syariah, the Islamic banking unit of mid-size lender Bank Tabungan Pensiunan Nasional (BTPN), Hidayat said.
He did not disclose the potential sizes of the new IPOs.
In 2017, 37 companies launched IPOs, raising a combined 9.6 trillion rupiah ($710.06 million) in proceeds, according to data from Financial Service Regulator (OJK).
That compared to 14 companies in 2016, which raised a combined 12.1 trillion rupiah.
Questions & Answers
Q.Which specific companies are planning IPOs in the first quarter of this year?
Which specific companies are planning IPOs in the first quarter of this year?
Among the eight firms preparing for initial public offerings, the article specifically names power company Sky Energy Indonesia and BTPN Syariah, the Islamic banking unit of BTPN. The other six firms are not disclosed.
Q.What is the Indonesia Stock Exchange's target for new listings this year?
What is the Indonesia Stock Exchange's target for new listings this year?
The Indonesia Stock Exchange aims to list more than 35 new companies in 2018. As of Monday (06/02), only one company has completed an IPO at the exchange so far this year.
Q.How did the total proceeds raised from IPOs in 2017 compare to 2016?
How did the total proceeds raised from IPOs in 2017 compare to 2016?
In 2017, 37 companies launched IPOs, raising a combined 9.6 trillion rupiah. This was lower than in 2016, when 14 companies raised a combined 12.1 trillion rupiah from their listings.
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