Blue Bird is the market leader in Indonesia's taxi services market. To date, only one Indonesian taxi firm has listed its stocks on the IDX i.e. Express Transindo Utama, Blue Bird's main competitor for market leadership in the taxi industry. In November 2012 Express conducted a successful IPO raising about USD $60 million. The marketing for Blue Bird’s IPO will run until the end of next week and the bookbuilding process is expected to start the week after. The company appointed Credit Suisse, Danareksa and UBS as coordinators and bookrunners.

If these five IPOs will be realized before the year-end, it means that 23 new companies will have listed on the IDX in 2014. However, at the start of the year, the IDX set a target of adding 30 Indonesian companies to the stock exchange. Several factors contributed to the (possible) failure to achieve the target: Indonesia’s legislative and presidential elections (including a controversial Constitutional Court case) that caused political uncertainty, the tighter monetary policy of Indonesia’s central bank (with its key interest rate at 7.50 percent since November 2013) as well as international uncertainty due to the winding down of the Federal Reserve's bond-buying program and looming end of the low US interest rate environment (which is expected to lead to capital outflows from emerging economies including Indonesia once these interest rates are raised).

Currently, there are 501 Indonesian companies listed on the IDX. This figure is low compared to the number of listed companies on the stock exchanges of Malaysia (906 companies) and Singapore (771 listed companies).

In 2014 so far, there have been 18 companies that have conducted an IPO on the Indonesia Stock Exchange:

Last Update: 30 Nov 2018
IPOs on the Indonesia Stock Exchange in 2014 up to 19 September
CompanyP: 30 Nov 2018P: 29 Nov 2018Gain/LossP/E ttmYield %Gain/Loss YTD
Bank Panin SyariahPNBS50500.00%N/A0.00%-24.24%
Asuransi Mitra Maparya Tbk.ASMI640655-2.29%N/A0.00%-28.49%
Bank Ina Perdana Tbk.BINA540545-0.92%N/A0.00%-44.04%
Capitol Nusantara Indonesia Tbk.CANI1621620.00%N/A0.00%-36.72%
Tunas Alfin Tbk.TALF33629812.75%N/A0.00%-19.62%
Bali Towerindo Sentra Tbk.BALI1,6851,6850.00%N/A0.00%10.13%
Wijaya Karya BetonWTON3663660.00%N/A0.00%-26.51%
Graha Layar PrimaBLTZ4,4004,450-1.12%N/A0.00%-56.00%
Intermedia Capital Tbk.MDIA1431402.14%N/A0.00%-14.88%
Eka Sari Lorena TransportLRNA103104-0.96%N/A0.00%8.42%
Link NetLINK5,2754,9905.71%N/A0.00%-2.31%
Chitose InternasionalCINT2342320.86%N/A0.00%-29.94%
Magna Finance Tbk.MGNA50500.00%N/A0.00%-37.50%
Batavia Prosperindo Internasional Tbk.BPII6,5006,5000.00%N/A0.00%8.33%
Mitrabara AdiperdanaMBAP3,0903,0800.32%N/A0.00%6.55%
Sitara Propertindo Tbk.TARA9508906.74%N/A0.00%18.75%
Bank Dinar Indonesia Tbk.DNAR3183141.27%N/A0.00%17.78%
Combined Total24,84224,5111.35%-19.02%

Green colour indicates upward movement Red colour indicates downward movement P = price; E = earnings; D = dividend; Yield = D/P "N/A" indicates P/E < 0 (negative earnings) "-" indicates E,D,P or YTD is not available

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