The Lion Group, parent to Indonesia’s largest privately held airline Lion Mentari Airlines (Lion Air), targets to raise IDR 10 trillion (USD $820 million) by selling a 30 percent stake through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2016. If realized, this would be one of the largest IPOs on the IDX in recent years. Lion Group CEO Rusdi Kirana confirmed the company’s IPO plans earlier this week. Part of the proceeds will be used to develop a new airport in Lebak (Banten, West Java).

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Indonesian taxi operator Blue Bird is the 19th company that has conducted an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2014. On Wednesday (05/11), the company’s shares made their debut on the stock exchange and immediately soared over 25 percent to IDR 8,175 (USD $0.68) per share. By releasing 376.5 million shares to the public, Indonesia’s largest taxi operator raised IDR 2.4 trillion (USD $200 million). However, this result is considerably lower than the earlier forecast of around USD $307 million.

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Indonesian shipping company Soechi Lines targets to raise IDR 2 trillion through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in November 2014. The company will release 2.6 billion shares, 30 percent of its enlarged capital, to the public. General Director of Soechi Lines, Go Darmadi, said that shares will be offered at a price of between IDR 600 and 800 per share. Half of the proceeds will be spent on capital expenditure (capex), while the remainder will be used for debt repayment and operational costs.

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Indonesia’s largest taxi operator Blue Bird has set a new (downsized) target for its initial public offering (IPO) on the Indonesia Stock Exchange (IDX) this month. The company now aims to raise IDR 2.4 trillion (USD $200 million), down from its initial target of IDR 4.94 trillion. Blue Bird will offer 376.5 million shares to the public, or 14.2 percent of its enlarged capital, at a price of IDR 6,500 per share (considerably lower than its previous indicative price of between IDR 7,200 and IDR 9,300).

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Gold miner Archi Indonesia, a subsidiary of Rajawali Corpora, expects to collect USD $200 million through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) before the end of the year. The company will offer between 15 and 20 percent of its enlarged share capital to the public. It appointed two local securities firms, including Danareksa Sekuritas, and two foreign securities firms as underwriters. So far this year, 18 companies have conducted an IPO on the Indonesia Stock Exchange.

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The Indonesia Stock Exchange (IDX) expects five more initial public offerings (IPOs) before the end of this year. These companies are the Blue Bird Group, Soechi Lines Indonesia, Imack Pratama Industri, Intan Baruprana Finance, and Karisma Aksara Mediatama. The IPO of Blue Bird, known for its taxi services, is the most awaited one. The company is expected to sell 20 percent of its enlarged capital to the public and aims to raise about USD $450 million, making it one of the largest IPOs on the IDX since Indofood CBP Sukses Makmur in 2010.

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The world is about to see the largest initial public offering (IPO) ever as China’s e-commerce company Alibaba may raise over USD $24 billion through its listing on the New York Stock Exchange on 18 September 2014, thus exceeding the value of IPOs of the Agriculture Bank of China (USD $22.1 billion), and the Industrial & Commercial Bank of China (USD $21.9 billion). Alibaba’s market capitalization, valued at about USD $162.7 billion, is the third-largest after Google (USD $400 billion) and Facebook (USD $201 billion).

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Cipta Kridatama, one of Indonesia leading mining contractor companies, plans to conduct an initial public offering on the Indonesia Stock Exchange (IDX) after 2015. The company believes that this corporate action will enhance transparency and good corporate management. Chief Executive officer (CEO) Irfan Setiaputri said that the company is eager to conduct the IPO but needs to wait until after 2015 in order to be fully prepared for this step. The company is currently busy expanding into other business sectors.

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After the companies Sitara Propertindo and Bank Dinar Indonesia were listed on the Indonesia Stock Exchange (IDX) on Friday (11/07), the total number of listed Indonesian companies has now reached 502. This year so far, there have been 18 Indonesian companies that conducted an initial public offering (IPO) on the IDX. Ito Warsito, General Director of the IDX, said that he is optimistic that this year’s target of 30 newly listed Indonesian companies will be achieved by the year-end.

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Mitrabara Adiperdana, an Indonesia-based coal miner, is planning to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in July 2014. The company will offer 273.03 million shares, or 22 percent of its enlarged share base, to the public at a price range of IDR 1,150 to IDR 1,350 per share. Through this corporate action, the miner targets to raise IDR 368.6 billion (USD $31 million). Reportedly, after the IPO, Japan’s Idemitsu Kosan Co Ltd has an option to purchase a 27.68 percent stake in the Indonesian coal miner.

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Despite the challenging conditions, Indonesian cement producer Cemindo Gemilang decided to offer 2.71 billion shares, equivalent to 15.0 percent of the company’s total shares, to the public through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). With the IPO price set at the range of 600-800 per share, the cement producer eyes to collect around IDR 1.89 trillion (approx. USD $133 million) through this corporate move.

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On Monday 17 June 2019, Bali Bintang Sejahtera (Bali United) became the first football club in Indonesia – reportedly even the first football club in the Southeast Asian region – to conduct an initial public offering (IPO) on the stock market.

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In 2018 a total of 57 companies made their trading debuts on the Indonesia Stock Exchange (IDX). To see 57 Indonesian companies conducting their initial public offering (IPO) on the IDX within 12 months only is a remarkable achievement and a significant increase from 37 IPOs in 2017, and 14 in 2016. It is in fact the biggest number of IPOs for Indonesia since the year 1992. Moreover, big appetite for Indonesian companies to go-public in 2018 is particularly remarkable considering there was plenty of uncertainty lurking about in global and domestic markets.

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Indonesian construction company Trimitra Propertindo made its trading debut on the Indonesia Stock Exchange on Thursday (23/08). The company is the 33rd company that has completed its initial public offering (IPO) on the local bourse so far in 2018. There are now a total of 597 listed companies in Indonesia.

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Madusari Murni Indah, an Indonesia-based company that is engaged in the production of ethanol and carbon dioxide gas (CO2), plans to set its share price in the range of IDR 500 - 600 a piece for its initial public offering (IPO) on the Indonesia Stock Exchange.

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On Monday (09/07) three companies made their trading debuts on the Indonesia Stock Exchange. So far this year a total of 26 companies have completed their initial public offering (IPO) on the Indonesia Stock Exchange. And considering there are still almost six more months to go in 2018 - while various IPOs are in the pipeline - it should become a very good year for IPOs in Indonesia.

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Indonesian retailer MAP Aktif Adiperkasa made its trading debut on the Indonesia Stock Exchange on Thursday (05/07) after successfully having completed its initial public offering (IPO). The company offered 427.6 million new shares, equivalent to 15 percent of the company's total share capital, to the public at a price of IDR 2,100 a piece, hence raising IDR 897.9 billion (approx. USD $63 million). Indo Premier Sekuritas acted as underwriter for the IPO.

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In the already busy initial public offering (IPO) month of May, two more companies were added to the Indonesia Stock Exchange on Wednesday (23/05): (1) Sarimelati Kencana, the operator of the Pizza Hut chain in Indonesia, and (2) Guna Timur Raya, an integrated logistics solutions provider. This brings the total number of IPOs in Indonesia so far in 2018 to 16. In May alone a total of seven companies made their trading debut on the Indonesia Stock Exchange. Thus, Indonesia is on track to set a new record in terms of IPO realizations this year.

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Hospital operator and medical management services company Medikaloka Hermina made its trading debut on the Indonesia Stock Exchange on Wednesday (16/05) after having successfully completed its initial public offering (IPO). So far in 2018 a total of 14 companies have become publicly listed companies in Indonesia. Especially the month May has been rich in terms of IPOs. Meanwhile, up to 24 other companies are expected to be listed on the local bourse before the end of the first semester.

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Hospital operator Royal Prima made its trading debut on the Indonesia Stock Exchange on Tuesday (15/05) after having successfully completed its initial public offering (IPO). Royal Prima is the 13th company so far this year to became a publicly listed company in Southeast Asia's largest economy. There are now 578 companies listed on the Indonesia Stock Exchange. Danatama Makmur Sekuritas acted as lead underwriter.

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