Open Voice About IPO, Inalum Boss Says This

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JAKARTA - Inalum President Director Danny Praditya opened his voice about the company's plan to take the floor on the Indonesia Stock Exchange. Danny said that his party did have plans to conduct an Initial Public Offering (IPO) or bid for its initial shares in 2024. However, by looking at several company conditions, Danny said that next year Inalum would only conduct pre-IPOs.

"There is a discourse to conduct an IPO in 2024 but considering the conditions and readiness, it is planned that in 2024 there will be a pre-IPO," Danny said in a Hearing Meeting (RDP) with Commission VII DPR RI, Thursday, August 24.

For this reason, he said, Inalum will also make strategic partnerships with world-class aluminum companies to increase the company's added value.

"We will unlock the value from Inalum by carrying out strategic alignments with an establish global player with an aluminum industry," Danny concluded.

Previously, while still serving as Deputy Minister of BUMN I, Pahala Nugraha Mansury confirmed that Inalum had planned to go to that direction. However, Pahala emphasized that this would see the condition of the stock market and the right time.

"We need to see later. There are already a lot of IPOs. I want to, really. But it depends on how ready the market is. The current market timing is not yet too conducive, we will also prepare to enter the market through the IPO. But regarding the timing we need to see," he explained.

For your information, some time ago Inalum was rumored to be conducting an IPO. Meanwhile, the President Director of Mining Holding or MIND ID Hendi Prio Santoso admitted that he had received approval from the government regarding the split-off.