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“Over 100 Companies Line Up for IPO Targeting IDR 135.31 Trillion, says Financial Services Authority Chairman”

Jakarta

Chairman of the Board of Commissioners of the Financial Services Authority Mahendra Siregar said there were 115 companies lining up for an initial public offering (IPO) (IPO). The IPO target is Rp 135.31 trillion.

“While in the pipeline, there are 115 planned Public Offerings with a value of IDR 135.31 trillion. The growth trend in the number of investors has also continued with the number of capital market investors reaching 10.88 million investors as of April 2023,” he said in a press conference, the results of the Committee meeting. Financial System Stability (KSSK) at LPS Office, Jakarta, Monday (8/5/2023).

On that occasion, Mahendra also revealed the performance of the Composite Stock Price Index as of April 28, 2023, which was recorded to have strengthened 0.95% ytd supported by non-resident investor inflows of IDR 18.91 trillion. Fundraising through the capital market continued good growth.


“Until the end of April 2023, the funds collected were recorded at IDR 84.01 trillion, with 33 new issuers recorded,” he explained.

On the side of facing economic uncertainty, the OJK said that it continues to be aware of the consequent impact of this condition on the national financial services sector. Even though the spillover impact to the domestic side is relatively limited, anticipatory steps are still needed to mitigate further impacts on economic growth, intermediation and financial stress.

(ada/hns)

2023-05-08 15:57:12
#companies #lining #IPO #worth #IDR #trillion

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