Tito Sulistio, Director of the IDX, said he detects rising enthusiasm from local companies to list on the IDX this year. Almost every day there are companies visiting the IDX building to seek more information about IPO procedures. He added that the IDX will invite six or seven insurance companies (currently fully-owned by foreign investors) to conduct an IPO as a new government regulation (Law No. 40/2014) curbs foreign ownership in insurance companies to 80 percent.

The companies that have already conducted an IPO on the Indonesia Stock Exchange this year are Bank Artos Indonesia, Mitra Pemuda, and Mahaka Radio Integra.

Initial Public Offerings (IPO) on the Indonesia Stock Exchange:

2010 2011 2012 2013 2014 2015 2016¹
Number of IPOs   23   25   24   30   23   16    3
Initial IPO Target   25   25   25   30   30   32   35
Value
(in IDR trillion)
29,78 19,70 10,35 16,73  8,30 11,31 0,11

¹ year-to-date
Source: Investor Daily

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