Investors Remain in 'Wait and See' Mode, Impacting Indonesian IPO Appetite

Jakarta, CNBC Indonesia - Indonesia’s financial markets continue to face turbulence throughout 2026 amid global economic and geopolitical uncertainty, causing dynamic movements in both the stock and bond markets.

Assessing the current market conditions and their impact on IPO interest on the Indonesia Stock Exchange, Aldo Perkasa, Chief of Equity Strategist at Trimegah Sekuritas Indonesia, stated that the correction in the Jakarta Composite Index (IHSG) and the weakening of the Rupiah have led investors to adopt a ‘wait and see’ approach towards share IPOs.

Furthermore, prospective issuers are also highly dependent on market developments filled with uncertainty. Currently, companies considering an IPO are also evaluating alternative financing sources, including bank loans and equity or bond financing.

Additionally, the assessments by global rating agencies and index providers regarding Indonesia influence investor perception of the attractiveness of share IPOs.