Jakarta Globe are reporting on the increasing number companies going public and being listed on the Jakarta Stock Exchange (IDX) saying that more than IDR 151-trillion (approx. USD 10-billion) worth of capital has been raised in the last 7-months through the issuance of corporate bonds, rights issues, or initial public offerings by new members.
I Gede Nyoman Yetna, IDX Director for Company Assessment, revealed in a recent statement that 51-new companies have been listed on the bourse over the past seven months, with IPOs valued at IDR 45.5-trillion.
The newly-listed companies come from various sectors including consumer goods, energy, property and real estate, health, transportation, technology, logistics, infrastructure, and finance, say Jakarta Globe.
There are thirty-nine more companies in the IDX IPO pipeline, including eleven with assets worth more than IDR 250-billion each.
Bond issuance by 64-IDX members managed to raise IDR 73.5-trillion, in addition to IDR 32.5-trillion from rights issues offered by 19-companies, he said.
Nyoman Yetna added that 27-IDX companies plan to offer rights issues and 15-companies are set to issue bonds later this year.
Source: Jakarta Globe
Indonesia Stock Exchange photo by Ruben Sukatendel on Unsplash
