OJK Reveals There Are Still 138 Companies Wanting IPO This Year

JAKARTA - Chief Executive of the Capital Market, Derivative Finance and Carbon Exchange of the Financial Services Authority (OJK) Inarno Djajadi said that raising funds in the capital market was still in a positive trend until April 2024.

Although the Composite Stock Price Index (JCI) experienced a correction of 0.75 percent on an annual basis. However, the fundraising reached Rp77.64 trillion with an IPO of 17 new issuers and there are still 138 companies that will be listed this year.

"The raising of funds in the capital market has a positive trend of IDR 77.64 trillion with 17 new issuers," he said in an online press conference, Monday (13/5).

Meanwhile, Inarno said that in the OJK pipeline there are still 138 public offering plans with an indicative value of IDR 54.33 trillion. This shows that the trend of fundraising in the future is still positive.

Inarno said that one of the reasons for the weakening of the JCI occurred was due to external pressure. "The pressure on the global stock market has been affected domestically with the JCI being corrected," he said.

Meanwhile, the market capitalization value was recorded at 3.45 percent to Rp12,077 trillion and since the beginning of the year, foreigners have still recorded a net buy of Rp7.95 trillion.