JAKARTA. The Indonesia Stock Exchange (IDX) is targeting 407 securities listings throughout 2025, including 66 Initial Public Offerings (IPOs).

Iman Rachman, President Director of the IDX, admitted that he is quite optimistic about the target, even though the global economy is still overshadowed by the risk of high interest rates. “When we talk about IPOs, it is about the need for funds,” said Rachman, after the opening of the first trading day this year.

Iman also admitted that companies have various funding options, such as issuing debt securities, banking facilities, and capital markets. With the shadow of high interest rates, said Iman, companies have an alternative funding on the stock exchange through securities issuance.

“If interest rates are high, they [companies] will calculate. Maybe they choose bonds or banks, or IPOs. That is an option,” said Iman.

Meanwhile, I Gede Nyoman Yetna, Director of Corporate Valuation at the IDX, said that there are 3 prospective issuers that have market capitalization above IDR 3 trillion. All three come from the basic materials, energy and health sectors.

“There are 3 lighthouse companies. The process is this year,” said Yetna.

For the record, at the end of last year the IDX noted that there were around 20 companies that were already in the pipeline and carried forward to this year. Previously reported by idnfinancials.com, earlier this year there were 3 prospective issuers who were entering the IPO period. The three of them are PT Asuransi Digital Bersama Tbk (YOII), PT Raharja Energi Cepu Tbk (RATU), dan PT Kentanix Supra Internasional Tbk (KSIX). (KR/LM)