The Financial Services Authority of Indonesia (OJK or Otoritas Jasa Keuangan) announced that six more Indonesian companies are planning to conduct their initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2013. The OJK is currently processing the applications, which should see the listings materialize in Q4-2013. One company that was expected to conduct its IPO, but postponed, was Puradelta Lestari. The company was not willing to conduct the IPO in the midst of current bearish market conditions in Indonesia.
Indonesia's benchmark stock index (IHSG) fell about 6.79 percent this year due to significant capital outflows triggered by the possible ending to the Federal Reserve's quantitative easing program as well as investors' concerns regarding the widening current account deficit and higher inflation in Indonesia.
Expected IPOs on the IDX in Semester IV-2013:
|Siloam International Hospital||162,750,000|
|Bank Indeks Selindo||600,000,000|