IDX Hopes Next Year's Smooth Political Conditions Will Boost IPO Interest

JAKARTA - PT Bursa Efek Indonesia (BEI) hopes that domestic political conditions will be stable during the Prabowo Subianto administration. So that there will be many companies listed through initial public offerings (IPOs) in 2025.

"With the establishment of political stability, we hope that it will have a positive impact on the number of IPOs in 2025," said BEI President Director Iman Rachman at the 2024 Extraordinary General Meeting of Shareholders (EGMS), Wednesday, October 23.

Meanwhile, the activity of listing new shares continues to grow until October 18, 2024, BEI has listed 36 new Listed Companies. With this data, the total number of companies listed on the capital market has reached 938 companies.

Iman explained that his party has guidelines for assessing the eligibility of a company to be listed on the stock exchange. Where until now 70 percent of the companies that register can list their shares, while the other 30 percent must improve their registration documents.

"Because for us, the sustainability of the company is very important," he said.

Therefore, Iman said that his party will continue to carry out routine activities to support the development of listed companies, stock exchange members, and increase the number of capital market investor activities.

In developing listed companies, Iman explained that his party has prepared various socialization activities including one-on-one meetings with prospective listed companies, and work outs carried out online and offline.

In addition, BEI also collaborates with the Ministry of SOEs, including the Create IPO program with the Ministry of Tourism and Creative Economy, and the SME IPO program with the Ministry of Cooperatives and SMEs.

Iman said the 2025 Annual Work Plan and Budget (RKAT) will focus on market deepening through new products and services and expanding the market in financial derivatives.

BEI will focus on developing a number of RKs aimed at increasing trading liquidity, increasing investor protection, providing data services that meet customer needs, and improving the technology used by BEI.