KISI Keeps IPO Plans on Track with Deals Up to Rp 3T Amid Market\nCaution<\/p>\n
Jakarta. Korea Investment and Securities Indonesia (KISI) said plans\nfor several initial public offerings (IPOs) remain on track despite a\ncautious mood in Indonesia\u2019s capital market amid global uncertainty.<\/p>\n
The brokerage said it currently has seven to eight companies in its\nIPO pipeline, with the largest potential listing involving firms with\nassets valued at around Rp 2 trillion to Rp 3 trillion ($118.73 million\nto $178.13 million).<\/p>\n
KISI President Director Kyoung Hun Nam said the pipeline remains\nrelatively stable because most IPO projects are long-term preparations\nthat began well before current market volatility.<\/p>\n
\u201cThe number of companies currently in KISI\u2019s pipeline is around seven\nto eight. Nearly 50% of the pipeline has already been realized in\nJanuary and February, although preparations actually began in the second\nhalf of last year,\u201d Kyoung Hun Nam said in Jakarta.<\/p>\n
He added that global developments, including concerns related to MSCI\nand credit rating assessments from S&P\u2019s, have not significantly\ndisrupted the ongoing IPO plans.<\/p>\n
According to him, the IPO process typically requires six months to a\nyear of preparation, making it less sensitive to short-term market\nfluctuations. \u201cIf the sentiment deteriorates further, it could certainly\nhave an impact, but so far everything is still progressing well,\u201d he\nsaid.<\/p>\n
Data from the Indonesia Stock Exchange (IDX) as of Feb.\u00a020 shows\neight companies currently in the IPO pipeline. Five are categorized as\nlarge companies with assets above Rp 250 billion, while three fall into\nthe medium category with assets ranging from Rp 50 billion to Rp 250\nbillion.<\/p>\n
The prospective issuers come from several sectors, including basic\nmaterials (2 companies), finance (2), transportation and logistics (1),\nprimary consumer goods (1), energy, (1) and industrials (1).<\/p>\n
As of that date, the IDX recorded no IPOs completed in 2026, leaving\nthe total number of listed companies in Indonesia unchanged at 956\nissuers.<\/p>\n
KISI said companies in its IPO pipeline are mainly from the banking,\ntourism, mining, and infrastructure sectors, with the largest potential\ndeal estimated at Rp 2 trillion to Rp 3 trillion, qualifying as a\nlarge-asset listing under POJK 53\/2017 regulations.<\/p>\n
Beyond equity offerings, the firm has also been active in the bond\nmarket. Between Jan.\u00a0and Feb.\u00a02026, KISI arranged around seven bond\nissuances, while several additional offerings are still in progress.<\/p>\n
Kyoung Hun Nam said the Indonesian capital market remains in a\nwait-and-see mode, as investors seek clarity on regulatory developments,\nincluding the resolution of issues with MSCI and the government\u2019s future\nmonetary policy direction.<\/p>\n
\u201cFor now, the market is still in a wait-and-see phase. However, the\ngovernment is working to resolve the issues with MSCI, and there could\nbe a different sentiment emerging supported by monetary policy,\u201d he\nsaid.<\/p>\n
He expressed optimism that stronger investor confidence, both foreign\nand domestic, could drive more IPO activity in the second half of 2026\nas market sentiment improves.<\/p>\n
Tags: Keywords:<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/kisi-keeps-ipo-plans-on-track-with-deals-up-to-rp-3t-amid-market-caution-1772464047", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }