Indonesia plans to raise up to 11 billion in capital on market in 2023
2023.01.02 11:55
Indonesia plans to raise up to 11 billion in capital on market in 2023
Budrigannews.com – Indonesia’s financial regulator stated on Monday that this year’s capital market fundraising target, which includes initial public offerings and debt instruments, is 170 trillion rupiah ($10.92 billion), which is significantly less than the amount raised in 2022.
The capital market raised approximately 260 trillion rupiah last year, including $1.1 billion from the April IPO of top tech company PT GoTo Gojek Tokopedia.
According to the Financial Services Authority’s head of capital market supervision, Inarno Djajadi, there are currently 84 offerings with an estimated total value of $5.23 billion, or 81.41 trillion rupiah.
Of that, 58 potential IPOs would account for approximately 54.5 trillion rupiah.
Two divisions of the state-owned energy company Pertamina—Pertamina Geothermal Energy and Pertamina Hulu Energi—are anticipated to go public in 2023.
According to sources with knowledge of the situation, Pertamina Hulu Energi could raise up to $2 billion in December.
In a separate event on Monday, State-Owned Enterprises Minister Erick Thohir said that state palm oil grower Palm Co, a unit of state plantation firm PTPN III, may launch an initial public offering this year.
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