IDX Targets 66 IPO Companies And 2 Million New Investors By 2025

President Director of the Indonesia Stock Exchange (IDX) Iman Rachman (second from the left). (Photo: Aris Nurjani/VOI)

JAKARTA - The Indonesia Stock Exchange (IDX) targets as many as 66 companies to be listed through an initial public offering (IPO) and 2 million capital market investors by 2025.

"The target shares are 66 new IPOs with a target of 2 million new investors next year," said IDX President Director Iman Rachman at the Inauguration Press Conference for the Closing of Indonesia Stock Exchange (IDX) Trading, Monday, December 30.

On the other hand, Iman conveyed that the initial number of public offering in 2024 reached 41 or decreased when compared to last year's 79 IPOs.

To note throughout the 2019 to 2024 period, the domestic stock market has recorded 943 companies. With details in 2019 as many as 55 companies, in 2020 as many as 51 companies, in 2021 as many as 54 companies, in 2022 as many as 59 companies, in 2023 as many as 79 companies and 2024 as many as 41 companies. However, in pipelines in 2024 there are still 21 candidate companies recorded.

"When we talk about the listing of new shares, this year's IPO has indeed decreased somewhat compared to last year. However, in pipeline there are still 21 potential companies recorded," he explained.

In addition to the number of IPO companies, Iman added that a decrease also occurred from the amount of IPO funds raised currently reaching Rp14.3 trillion compared to last year's Rp54.1 trillion.

In addition, the number of stock investors also showed significant growth, reaching 14.8 million investors. The number of investors has increased by more than 2.5 million investors this year.

On the other hand, Iman explained the performance of the Composite Stock Price Index (JCI) as of December 27, 2024, to the level of 7,036.57, down 3.25 percent year to date (ytd).

Even so, Iman explained, the JCI had set its highest record or all time high on September 19, 2024 at the level of 7,905 with a market capitalization of Rp. 13,200 trillion.

"However, what is interesting is that this year on September 19, 2024, we have reached an all time high, which is 7,905. So if we talk about the market cap, 7,905 have reached Rp. 13,200 trillion. So if we look at 7,000 Rp. 12,264 trillion, then we have reached more than Rp. 13,000 trillion," he explained.