JAKARTA. Indonesia Sotck Exchange (IDX) is struggling to meet the target of 35 new issuers this year. Until now, the series of initial public offerings (IPOs) just attracted 10 issuers and raised Rp 4.44 billion of stock emission. Director of Corporate Assessment of IDX Samsul Hidayat said that IDX performance has improved compared to the last year and companies are actually still interested to earn capital through stock exchange. However, investors apparently prefer bonds. Samsul said that IDX may revise down the target of new issuers number from 35 to 25. Samsul predicted that the stock exchange will earn at least IDR10 trillion to IDR12 trillion through IPO. In 2015, IPO attracted 18 issuers and raised Rp 11.31 trillion of stock emission.
IDX cuts target of issuer numbers
JAKARTA. Indonesia Sotck Exchange (IDX) is struggling to meet the target of 35 new issuers this year. Until now, the series of initial public offerings (IPOs) just attracted 10 issuers and raised Rp 4.44 billion of stock emission. Director of Corporate Assessment of IDX Samsul Hidayat said that IDX performance has improved compared to the last year and companies are actually still interested to earn capital through stock exchange. However, investors apparently prefer bonds. Samsul said that IDX may revise down the target of new issuers number from 35 to 25. Samsul predicted that the stock exchange will earn at least IDR10 trillion to IDR12 trillion through IPO. In 2015, IPO attracted 18 issuers and raised Rp 11.31 trillion of stock emission.