IDX Reports Fewer IPOs in 2024
Jakarta. The Indonesia Stock Exchange (IDX) hosted 41 initial public offerings (IPOs) in 2024, bringing the total number of listed companies to 943. This figure represents a significant drop from the record 79 IPOs conducted in 2023.
Despite the decline in the number of IPOs, IDX CEO Iman Rachman said on Monday that the total amount of funds raised through IPOs remains substantial. Notably, Adaro Andalan Indonesia (AADI), a new IDX member, raised nearly Rp 40 trillion ($2.47 billion) during its IPO, marking one of the year's most significant offerings.
"We recorded fewer IPOs this year, but 21 other companies are already in our IPO pipeline for the near future," Iman said.
According to data from the Financial Services Authority (OJK), IDX members raised a total of Rp 251 trillion ($15 billion) in fresh capital this year, exceeding the initial target of Rp 200 trillion.
Meanwhile, the younger generation continues to dominate Indonesia's capital market investor base. Individuals aged 30 years or younger account for 54.92 percent of the 14.8 million individual investors, according to Aditya Jayaantara, a deputy at the OJK responsible for overseeing capital market investments.
Tags: Keywords:
as a preferred
Related Articles
MSCI Concerns, Tighter IDX Trading Rules Send Indonesian Stocks Down 5% by Midday
Indonesian stocks plunge 5% by midday as MSCI concerns weigh on sentiment and the IDX tightens its daily downside limit to 7%.
Indonesian Bank Stocks Hit Pandemic-Era Valuations After MSCI Shock
Indonesian bank stocks hit crisis-era lows as MSCI's downgrade proposal sparks a selloff and fuels fears of foreign outflows.
Black Week for Indonesia Stocks Exchange as Market Loses $85 Billion
Indonesia’s stocks plunged 14.91% in a week, wiping out $94 billion in market value as MSCI weighs a downgrade to standalone status.
Indonesia Fines DSSA, BREN and CUAN Rp 2.1 Trillion for Market Violations
OJK fines DSSA, BREN and CUAN Rp 2.1 trillion over stock manipulation and alleged irregularities in share offerings.
MSCI Warning Raises Existential Questions for Indonesia's Stock Market, Economist Says
MSCI's downgrade threat tests Indonesia's market credibility, with an economist urging reforms to restore investor trust.
Explainer: What Is MSCI Market Classification and Why Does It Matter for Indonesia?
MSCI classifies stock markets as developed, emerging, frontier or standalone. Here’s how the system works and why Indonesia’s status matters
OJK Flags 19 Stocks for High Ownership Concentration
OJK flags 19 stocks for high ownership concentration and will step up scrutiny of actively traded shares over manipulation risks.
Indonesia Braces for MSCI Review in November
MSCI has given Indonesia time until November, warning that it could downgrade Jakarta’s status to frontier markets.
Some State Companies Set for 2027 IPO: Danantara
The last SOE to go public was Pertamina Geothermal Energy back in 2023.
Jakarta Stocks Rise 1.21% as Indonesia Lags in AI Boom
Indonesia’s stocks gained 1.21% as the World Bank said the country is lagging Malaysia and Vietnam in benefiting from the AI boom.The Latest
UN Boss Wants to Fix Security Council as Indonesia Seeks Seat
Outgoing UN chief Guterres says the current permanent member setup at the Security Council fails to reflect today's realities.
Saudi Flagship Investment Conference Pushed to 2027 after Houthi Attacks
The annual Future Investment Initiative (FII), often dubbed "Davos in the Desert", was originally scheduled to take place from October 26-29
Government Sets Aside Rp 1.3 Quadrillion for Final-Quarter Spending
Government spending has reached Rp 2.66 quadrillion, equivalent to 69.2% of the full-year budget target of Rp 3.84 quadrillion.
Indonesia Probes 98 Corporate Wildfire Cases, Including Possible Foreign Links
Police investigate 98 corporate-related wildfire cases, including possible links to investors from neighboring countries.
Students Plan Jakarta Protests to Mark Two Years of Prabowo's Presidency
Police have advised the public to avoid areas around the House of Representatives complex, the National Monument and the State Palace.Most Popular
