OJK: There are 59 Companies Preparing for IPO

February 20, 2024, 07.23 PM | Reporter: Yuliana Hema

ILUSTRASI. The Financial Services Authority (OJK) has reported that there are already 59 plans for initial public offerings (IPOs) in the pipeline for fundraising from new companies.

INITIAL PUBLIC OFFERING (IPO)-JAKARTA. The Financial Services Authority (OJK) has reported that there are already 59 plans for initial public offerings (IPOs) in the pipeline for fundraising from new companies.

Inarno Djajadi, the Executive Head of Capital Market Supervision, Derivative Finance and Carbon Exchange at OJK, expressed that enthusiasm for fundraising in the capital market is still evident.

This is reflected in the achievement of fundraising in the capital market, which has reached IDR 12.34 trillion until February 16, 2024. This value also contributes from 11 new issuers recorded.

"There are still 86 public offering pipelines with an estimated indicative value of IDR 50.02 trillion," said Inarno, on Tuesday (21/2).

The details are that there are 59 companies that will hold IPOs with a value of IDR 9.20 trillion. Then, 14 companies will conduct a Limited Public Offering (PUT) worth IDR 27.56 trillion.

Next, there are 7 plans for public offerings of debt and/or sukuk securities amounting to IDR 7.26 trillion.

As for this year, the OJK is targeting a total fundraising in the capital market of IDR 200 trillion. This figure is no different from last year's target of IDR 200 trillion.