Digital exchange hub company NFC Indonesia is completing its initial public offering (IPO) on the Indonesia Stock Exchange. And the corporate move is going well. After the book building process - that took place between 8-22 June 2018 - the new shares of NFC Indonesia were oversubscribed 9.8 times. The company offers 166.67 million shares to the public at a price of IDR 1,850 (USD $0.13) per share, thus raising IDR 308.3 billion (approx. USD $21.4 million).

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Trimuda Nuansa Citra, an Indonesia-based cargo and logistics company, made its trading debut on the Indonesia Stock Exchange on Thursday (28/06). The company became the top gainer of the day as its shares soared 69.33 percent (thus triggering the auto reject system), while the benchmark Jakarta Composite Index tumbled 2.08 percent amid concern over Sino-US trade tensions.

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Cargo and logistics company Trimuda Nuansa Citra set the offering price for its shares at IDR 150 a piece in the initial public offering (IPO) on the Indonesia Stock Exchange. Considering the company offers 200 million shares to the public, it should raise IDR 30 billion (approx. USD $2.1 million) through the corporate move.

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Madusari Murni Indah, a company that is engaged in the production of ethanol and carbon dioxide gas (CO2), is set to sell a 30 percent stake to the public through an initial public offering (IPO) on the Indonesia Stock Exchange. Yonky Saputra, Corporate Secretary of Madusari Murni Indah, said the company appointed Bahana Sekuritas as underwriter. In July 2018 the company is expected to make its trading debut in Indonesia.

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So far 2018 has been a great year in terms of initial public offerings (IPOs) on the Indonesia Stock Exchange. A total of 20 companies became publicly-listed companies in Indonesia in the first five months of 2018, thus there are now a total of 584 listed companies on the Indonesia Stock Exchange. Actually it is still a relatively low number compared to its regional peers and therefore local authorities continue to encourage more IPOs in an effort to deepen the country's financial markets.

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Indonesia-based shipbuilding company Steadfast Marine plans to sell 350 million new shares in an initial public offering (IPO) on the Indonesia Stock Exchange. This amount would equal 35.28 percent of the company's total paid-up capital. The new shares are planned to be offered in the range of IDR 110 - 120 a piece, hence the company would raise a maximum of IDR 42 billion (approx. USD $3 million) through the corporate move. Jasa Utama Capital is appointed as underwriter.

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Bank BRIsyariah made its trading debut on the Indonesia Stock Exchange (IDX) today, hence becoming the 11th company to have completed its initial public offering (IPO) in Indonesia so far in 2018. It is the first Islamic finance unit of a state-controlled entity (Bank Rakyat Indonesia) to have listed on the IDX. Charles Bowman, Lord Mayor of the City of London, was present at the listing ceremony at the IDX building on Wednesday morning (09/05).

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Jakarta-based investment company Charnic Capital made a strong trading debut on the Indonesia Stock Exchange on Wednesday (03/05). Due to the steep price rise of its shares (+70.0 percent) it triggered the auto-reject system, thus trading in the company's shares has been stopped and will resume tomorrow. Charnic Capital is the ninth company to have completed its initial public offering (IPO) on the Indonesia Stock Exchange in 2018. There are now 574 listed companies in Indonesia.

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Krakatau Bandar Samudera, a subsidiary of Indonesia's largest steel manufacturer Krakatau Steel, got the green light from shareholders to conduct an initial public offering (IPO) on the Indonesia Stock Exchange. Tonno Sapoetra, President Director of Krakatau Bandar Samudera, said the company plans to offer its shares to the public in November 2018.

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Terminal operator Indonesia Kendaraan Terminal (better known as IPC Car Terminal) plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in mid-July 2018. The company, which is owned by state-owned port operator Pelindo II, handles the movement of cargo containers for shipments related to the automotive industry at its terminal in Jakarta's Tanjung Priok harbor.

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Foreign investment in Indonesia has maintained its steady pace in the first quarter of 2013. Ahead of next year's presidential and legislative elections, which trigger uncertainties about the future course of the country, foreigners have bought more Indonesian stocks in Q1-2013 than in the four quarters of 2012 combined. Moreover, foreign direct investments (FDIs) have increased by 27 percent (YoY) in Q1-2013 and show an interesting shift towards Indonesia's manufacturing sector.

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After speculation began to spread that an agreement would be reached between Cyprus and Troika (made up of the European Union, the European Central Bank and the IMF), Asian stock markets went up, including the Indonesia Stock Exchange (IHSG). Despite foreigners' appetite for selling Indonesian assets, the index rose as it was lifted by domestic market participants' appetite for purchasing those stocks that experienced a fall on the previous trading day.

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