Sriwijaya Air, the third-largest airline in Indonesia, plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in March 2017 in which it will release 25% of its total outstanding capital stock. Chandra Lie, President and CEO of Sriwijaya, said its IPO plan started after the company posted net profit in three consecutive years. Through the IPO the company will become more transparent and obtains fresh funds to purchase 15 narrow body and 2 wide body airplanes, while also increasing the number of flight routes.

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The Indonesia Stock Exchange (IDX) targets to see a total of 35 initial public offerings (IPOs) in 2017. To achieve this target the IDX will raise efforts to encourage Indonesian companies to go public. Besides these IPOs, the IDX also targets to see 60 companies to conduct a rights issue next year. These targets were announced by IDX Director Tito Sulistio after the extraordinary general meeting on Thursday (20/10). So far in 2016, only 12 companies went public in Indonesia. This poor score is the result of high uncertainty on the global financial markets.

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Indonesian property developer Anugerah Berkah Madani (ABMA Land) plans to set a lower target regarding its initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in November 2016. Earlier, it planned to offer 3.33 billion shares, or 25 percent of its total outstanding capital stock. Currently, the company is reviewing its prospectus and intends to offer 1.76 billion, or 15 percent of its stock, to investors through the IPO. The indicative price will remain at the range of IDR 800 - 1,250 per share.

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Indonesian state-controlled contractor Waskita Karya is also eager to see its subsidiary Waskita Toll Road conducting an initial public offering on the Indonesia Stock Exchange. On Tuesday (20/09) another unit of Waskita Karya - Waskita Beton Precast - was listed on the local bourse, raising IDR 5.16 trillion (approx. USD $394 million) hence becoming the biggest IPO in Indonesia so far this year. This year there have been few companies eager to list considering the highly volatile markets amid the weak global economy and ahead of another Fed Fund Rate hike.

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Wijaya Karya Gedung (Wika Gedung), a subsidiary of construction firm, Wijaya Karya, is planning to conduct an initial public offering (IPO) on the Indonesia Stock Exchange. The company, which focuses on the construction of private buildings, offices, apartment, shopping centers, and other commercial as well as non-commercial buildings, plans to offer 30 percent of its total share capital to investors. Wika Gedung targets to raise a total of IDR 1.5 trillion (approx. USD $114.5 million) from this move.

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The Indonesia Stock Exchange (IDX) expects to see 15 more companies conducting an initial public offering (IPO) on the local bourse in the remainder of the year, supported by the improving macroeconomic indicators of Indonesia (including a 5.18 percent y/y GDP growth pace in Q2-2016, 2.78 percent y/y inflation in August, and the central bank's lower interest rates) as well as the tax amnesty program (that should bring home trillions of rupiah, part of which finds its way into the local stock market). However, looming tighter monetary policy in the USA remains a challenge.

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Precast concrete producer Waskita Beton Precast is expected to raise IDR 5.16 trillion (approx. USD $391 million) from an initial public offering (IPO) on the Indonesia Stock Exchange. As such, the IPO of the company, a unit of listed state-controlled construction company Waskita Karya, could be the biggest offering of the past five years. After the book-building process has been completed, the price of one Waskita Beton Precast share is expected to be IDR 490 a piece. However, the final price will be announced on 1 September 2016.

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A new online information service - "Go Public" - has now been launched by the Indonesia Stock Exchange (IDX) in five cities - Jakarta, Surabaya (East Java), Bandung (West Java), Semarang (Central Java) and Medan (North Sumatra) - in an effort to inform privately-held companies about the advantages of listing on the IDX through an initial public offering (IPO). Tito Sulistio, General Director of the IDX, informed that one matter that blocks companies from undertaking an IPO is that this corporate move is believed to be complicated, costly, and time-consuming.

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Indonesian precast concrete structures manufacturer Waskita Beton Precast, a unit of listed state-controlled construction company Waskita Karya, aims to collect up to IDR 5.2 trillion (approx. USD $397 million) through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). The company will offer some 10.54 billion new shares, or 40 percent of its enlarged capital, to investors with an indicative price that ranges between IDR 400 - 500 per share (reflecting a price-to-earnings ratio of between 20 - 25 times).

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Not only the Indonesian government - through its tax amnesty program - but also the Indonesia Stock Exchange (IDX) offers incentives. Tito Sulistio, General Chairman of the IDX, said initial listing fees are scrapped for those companies that conduct an initial public offering (IPO) before 31 March 2017. It is no coincidence that this incentive is valid until 31 March 2017 (the same day Indonesia's tax amnesty program expires). The Indonesian government and market regulators all seem on the same page: attract capital inflows, deepen capital and financial markets, and - more generally - boost Indonesia's economic growth.

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On 24 February 2023 Pertamina Geothermal Energy made its trading debut on the Indonesia Stock Exchange (IDX) after concluding its initial public offering (IPO) – in which it sold 10.35 billion shares (which is equivalent to 25 percent of its enlarged share capital, including a 10 percent free float on the IDX) at an offering price of IDR 875 per share.

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Indonesia’s benchmark stock index (Jakarta Composite Index, or IHSG) grew 10.08 percent in full-year 2021, a good performance after a volatile and highly uncertain 2020 when the COVID-19 crisis emerged. At around 6,580 points on the first trading day of 2022, the index remains at near-record high territory (with the record being set recently, in mid-November 2021, at around 6,750 points).

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Despite the challenging conditions, Indonesian cement producer Cemindo Gemilang decided to offer 2.71 billion shares, equivalent to 15.0 percent of the company’s total shares, to the public through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). With the IPO price set at the range of 600-800 per share, the cement producer eyes to collect around IDR 1.89 trillion (approx. USD $133 million) through this corporate move.

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On Monday 17 June 2019, Bali Bintang Sejahtera (Bali United) became the first football club in Indonesia – reportedly even the first football club in the Southeast Asian region – to conduct an initial public offering (IPO) on the stock market.

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In 2018 a total of 57 companies made their trading debuts on the Indonesia Stock Exchange (IDX). To see 57 Indonesian companies conducting their initial public offering (IPO) on the IDX within 12 months only is a remarkable achievement and a significant increase from 37 IPOs in 2017, and 14 in 2016. It is in fact the biggest number of IPOs for Indonesia since the year 1992. Moreover, big appetite for Indonesian companies to go-public in 2018 is particularly remarkable considering there was plenty of uncertainty lurking about in global and domestic markets.

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Indonesian construction company Trimitra Propertindo made its trading debut on the Indonesia Stock Exchange on Thursday (23/08). The company is the 33rd company that has completed its initial public offering (IPO) on the local bourse so far in 2018. There are now a total of 597 listed companies in Indonesia.

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Madusari Murni Indah, an Indonesia-based company that is engaged in the production of ethanol and carbon dioxide gas (CO2), plans to set its share price in the range of IDR 500 - 600 a piece for its initial public offering (IPO) on the Indonesia Stock Exchange.

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On Monday (09/07) three companies made their trading debuts on the Indonesia Stock Exchange. So far this year a total of 26 companies have completed their initial public offering (IPO) on the Indonesia Stock Exchange. And considering there are still almost six more months to go in 2018 - while various IPOs are in the pipeline - it should become a very good year for IPOs in Indonesia.

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Indonesian retailer MAP Aktif Adiperkasa made its trading debut on the Indonesia Stock Exchange on Thursday (05/07) after successfully having completed its initial public offering (IPO). The company offered 427.6 million new shares, equivalent to 15 percent of the company's total share capital, to the public at a price of IDR 2,100 a piece, hence raising IDR 897.9 billion (approx. USD $63 million). Indo Premier Sekuritas acted as underwriter for the IPO.

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In the already busy initial public offering (IPO) month of May, two more companies were added to the Indonesia Stock Exchange on Wednesday (23/05): (1) Sarimelati Kencana, the operator of the Pizza Hut chain in Indonesia, and (2) Guna Timur Raya, an integrated logistics solutions provider. This brings the total number of IPOs in Indonesia so far in 2018 to 16. In May alone a total of seven companies made their trading debut on the Indonesia Stock Exchange. Thus, Indonesia is on track to set a new record in terms of IPO realizations this year.

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