The IDX stated that there are 12 companies waiting in the IPO queue to list on the bourse this year.
Employees stand near a screen showing the Jakarta Composite Index (JCI) down 8 percent on Jan. 28 at the Indonesia Stock Exchange (IDX) in Jakarta. The IDX temporarily halted trading that afternoon as the benchmark index dropped to 8,261.79 points following an announcement from Morgan Stanley Capital International's (MSCI) that it would temporarily suspend the index rebalancing process for Indonesian stocks. (Antara/Dhemas Reviyanto)
The Indonesia Stock Exchange (IDX) has only seen one initial public offering (IPO) so far this year amid deteriorating stock market conditions, which remain under downward risks from looming global and domestic pressures that have unsettled investor confidence.According to statement published on Jun. 8, the IDX stated that there are 12 companies are waiting in the IPO queue to list on the bourse. This pipeline comprises eight large-scale companies with over Rp 250 billion (US$13.9 million) in assets and four medium-scale firms with assets between Rp 50 billion and Rp 250 billion.
The total figure, however, has shrunk from the previous 15 companies reported by the bourse in April.
