JAKARTA. At least 14 out of 29 companies queueing for initial public offering (IPO) in Indonesia Stock Exchange (IDX) reportedly have a large sum of assets.

I Gede Nyoman Yetna, Director of Corporate Appraisal I of IDX, mentioned that until March 10, 2023, there had been 29 companies listed in the IPO pipeline. "Out of those 29 companies, 2 are small-asset companies, 13 companies have medium-sized assets, and the other 14 have large-scale assets," he stated last week (11/3).

Then, he further listed that 6 companies of those 29 in line are engaged in the cyclical consumer sector, followed by 5 companies each in basic materials, technology, as well as the transportation and logistics sectors. Then, another 2 come from the non-cyclical consumer sector, followed by 1 company in the healthcare sector, 2 financial companies, 2 property and real estate companies, and 1 infrastructure companies.

Rumor has it that several major companies in Indonesia will make their debut this year, including Merdeka Battery Materials, Amman Mineral Nusa Tenggara, and a subsidiary of Harita Group. (AM/ZH)