There are still 6 companies planning an IPO in 2020

ILLUSTRATION. Employees wearing face covers cross in front of the stock movement board at the Indonesia Stock Exchange, Jakarta, Friday (3/7). The Jakarta Composite Index (JCI) closed higher into the green zone at the end of trading today, Friday (03/07). At 16.00 WI

Reporter: Ika Puspitasari | Editor: Sanny Cicilia

KONTAN.CO.ID – JAKARTA. The number of companies that intend to list their shares on the stock exchange has increased. The Indonesia Stock Exchange (IDX) noted that up to Monday (21/9), there were six companies intending to sell their initial shares or initial public offering (IPO). This figure is up from last week, which only had four companies in pipeline AT.

The details of the companies planning the IPO include two companies from the property, real estate and building construction sectors. Then, two other companies from the trade, services and investment sectors.

Meanwhile, various industrial and plantation sectors will get one new company each on the Stock Exchange.

“We believe that business people have great interest and hope to grow together with the Indonesian capital market, so that in the future, there will still be many business players who will take advantage of the capital market to accelerate company growth by listing shares and issuing other securities,” said I Gede Nyoman. Yetna Director of Company Assessment, IDX, Monday.

He emphasized that the IDX is open to companies with small and medium scale assets so that the emission value will vary according to the size and needs of the company.

To date, the IDX has listed 46 new listed companies. If the newcomers realized the IPO, it would mean that the IDX will have 52 new issuers coming throughout 2020.

PT Panin Sekuritas Tbk (PANS) will be one of the underwriters guarding the IPO corporation. However, Indra Christanto, President Director of PT Panin Sekuritas Tbk, has not been able to reveal the prospective new entrants to the Exchange. “A

there are several IPO plans on pipeline We cannot publish it yet, “he said, last weekend. What is clear is that he is targeting the company’s IPO to be held in 2020.

Indra said that revenue from Panin Sekuritas’ underwriting business line will increase in the second half of 2020, after delivering two companies to carry out IPOs.

Both are the oil palm plantation company PT Pinago Utama Tbk (PNGO) listing on August 31, 2020 ago. As well as a company engaged in the real estate, construction, construction, developer, service and investment sectors of PT Puri Global Sukses Tbk (PURI) which IPO on September 8.