Two companies announced to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) this month in order to raise funds for further business expansion. These companies are property developer Binakarya Jaya Abadi and IT solutions provider Anabatic Technologies. Up to the start of June, a total of five companies have been listed (including the relisting of Mitra Energi Persada) on the IDX this year. The IDX targets to list a total of 32 companies on the exchange this year.

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NetApp Indonesia, the local unit of the American multinational storage and data management company, predicts three main information technology (IT) trends in Indonesia in 2017: (1) data becoming the "new currency", (2) new platform models taking over, and (3) cloud computing becoming a key source of corporate growth. Ana Sopia, Country Manager NetApp Indonesia, explained that numerous companies, all over the world, are currently experiencing digital transformation challenges.

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Multipolar Technology, an information technology company and the wholly owned subsidiary of Multipolar, seeks to reap funds between IDR 160 and 188 billion (USD $16.2 to $19.0 million) through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) to finance its expansion plans. The company will offer 375 million shares, or 20 percent of its stock capital, to the public for a price between IDR 425 and 500 per share. Multipolar Technology provides IT hardware and infrastructure, software and business solutions, and consultancy services.

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