Jakarta, CNBC Indonesia – A number of state-owned companies are expected to conduct an initial public offering (IPO) with a fairly large value in the second half of this year.
This also complements the IPO with a large number of emissions with the entry of technology unicorn companies such as Bukalapak, which is targeting funds from a public offering of Rp 21.9 trillion.
The Acting (Plt) President Director of Mandiri Sekuritas, Silva Halim, said that currently Mandiri Sekuritas has several companies in the share listing pipeline this year, which includes plans for IPOs from state-owned companies.
“The IPO in our pipeline in the second semester does not include technology shares. There are also plans for state-owned companies,” said Silva Halim, at a press conference, Thursday (21/7/2021).
However, Silva did not reveal in more detail the names of the technology companies that will be listed on the stock exchange or from state-owned companies. He hopes that the entry of large state-owned companies and technology companies will attract more foreign investors to enter the domestic stock market.
“We hope that the listing of shares of technology companies and the IPO of large companies will help attract foreign investors to return to Indonesia,” said Silva.
Previously, Minister of State-Owned Enterprises (BUMN) Erick Thohir stated that he was preparing 10 to 15 companies to conduct an initial public offering (IPO). This is done as part of the transformation of BUMN to further increase the asset value of a number of state-owned companies.
Currently, several companies that are being prepared for an IPO include Pertamina Geothermal Energy, Pertamina Upstream, Pertamina Downstream, PLN Steam Power Plant, Indonesia Healthcare Corporation (IHC), Bio Farma Vaccines, LinkAja, East Kalimantan Fertilizer, Mitratel, Telkom Data Center, Up to 3 companies from the MIND ID Group.
“We want to unlock the value of all state-owned companies. We want to make Pertamina a hundred billion company by going public with its sub-holdings, which God willing, they will go public next year and there are also some this year,” said Erick, at the event. Investor Daily Closing Remarks, yesterday.
Erick said the Ministry also encouraged the state-owned hospital holding, Indonesia Healthcare Corporation (IHC), which currently has more than 70 state-owned hospitals, to be listed on the stock exchange. The merger is expected to increase the valuation of state-owned hospitals.
Other SOEs that also have the potential to list shares on the stock exchange are the development of the Telkom Group Data Center and Mitrarel. “Children [usaha] Telkom, such as Mitratel and Telkom Data Center, Telkom’s valuation of Rp. 310 trillion, I have targeted it to increase, if it reached Rp 400 trillion in its heyday, now it must be greater than Rp.
In addition, Erick also prepared an IPO for the BUMN fertilizer company, Pupuk Kalimantan Timur, so that in the future this company can prioritize more transparent corporate governance and can compete, especially in the non-subsidized market.
(hps / hps)
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