Market Remains Wait and See, KISI Securities Ensures IPO Pipeline Continues

Jakarta – KISI Securities is maintaining its initial public offering (IPO) pipeline despite the domestic stock market being in a wait and see phase. Chief Executive Kyoung Hun Nam stated that through early 2026, approximately seven to eight companies remain in the IPO pipeline. He noted that these projects are relatively stable as they have been prepared over the long term. “The number of companies in KISI’s current pipeline is approximately seven to eight. Because almost 50 per cent of the pipeline has already been realised in January and February, which actually began in the second half of last year,” Kyoung Hun Nam told journalists in Jakarta on Friday (27 February 2026). IPO processes require lengthy preparation periods. “Each IPO we undertake is a project built over more than six months, minimum one year, so far there has been no significant impact. If sentiment deteriorates further it may have an impact, but so far things are proceeding well,” he said. The companies in KISI’s IPO pipeline come from the banking, tourism, mining, and infrastructure sectors. The largest transaction value from the pipeline is estimated to reach between Rp 2 trillion and Rp 3 trillion. “The sectors are banking, tourism, mining, and infrastructure. The largest value currently is approximately Rp 2 trillion to Rp 3 trillion,” said Kyoung Hun Nam. A number of follow-on offerings are being prepared for the coming months. Kyoung Hun Nam stated that the capital market is still awaiting clarity on policy direction. “For now the market remains wait and see. However, the government is working to resolve matters with MSCI and there is likely to be different sentiment supported by monetary policy,” he said. He expects an improvement in sentiment to drive realisation of a larger IPO pipeline in the second half of 2026 as investor confidence in the domestic capital market increases.