The Indonesia Stock Exchange (BEI) has made history by registering 68 companies in Initial Public Offerings (IPOs) worth IDR 49.60 trillion, surpassing the previous record set in 1990 with only 66 initial stock listings. BEI also solidifies its position as the exchange with the highest number of IPOs in ASEAN since 2018.

Out of the 68 companies, 27 have assets exceeding IDR 250 billion, 31 fall into the medium-scale asset category, and 10 belong to the small-scale asset category. Additionally, BEI welcomes four companies with capitalizations exceeding IDR 3 trillion and a free float above 15%, with expectations of boosting liquidity in secondary stock transactions.

Over the past three years, PT Bukalapak.com Tbk (BUKA) held the record for the largest listing value on BEI at IDR 21.9 trillion, followed by PT Dayamitra Telekomunikasi Tbk (MTEL) at IDR 18.8 trillion.

The fundraising from IPOs has also increased, with an average of IDR 729.3 billion per IPO in 2023. BEI follows an inclusive approach for various companies, regardless of sector or asset size.

There are 28 companies in the pipeline for stock listings on BEI, with the majority coming from the primary consumer and energy sectors. This is expected to provide investment portfolio diversification for investors.

Despite entering a political year, some companies may await government policy direction before conducting IPOs, while others continue to consider IPOs as an attractive funding alternative. With the listing of PT Pulau Subur Tbk (PTPS) and PT Barito Renewables Energy Tbk (BREN), the total number of listed companies on BEI in 2023 will reach 70 issuers.