Businessman and former Minister of Tourism and Creative Economy Sandiaga Salahuddin Uno revealed a plan to bring five companies he mentors to list on the Indonesia Stock Exchange (IDX) within the next three to five years.

A medium- to long-term target

Sandiaga said the initial public offering (IPO) plan remains a medium- and long-term target. Its realization will take into account capital market conditions, the macroeconomic situation and global geopolitical dynamics. "For an IPO, of course, one of the main considerations is how conducive the capital market is, and also the macro situation and the global geopolitical situation," he said after the TICMI Capital Market and Business Conference (TCMBC) 2026 at the IDX building on Thursday (12/11/2026).

Hopes on politics and investor confidence

He hoped the domestic political dynamics would be resolved well and soon, giving certainty and a positive signal to the capital market and the economy. In his view, political stability is an important factor in maintaining investor confidence and encouraging investment into Indonesia, including supporting the IPO plans of the companies now being prepared.

Five companies in the Rocket program

Sandiaga said five companies he mentors in the Rocket program are currently projected to be able to list. He hoped their preparation would not be disrupted by current developments. "Earlier I said there are 5 companies we mentor that we project to list on the exchange, and we hope that, because it is more medium and long term, their preparation will not be disrupted," he said.

Instead, the moment is expected to be used to strengthen business fundamentals before entering the capital market. The five companies are expected to use the preparation time to fix their financial statements, clarify their target markets and improve operational performance. "We hope they can take this opportunity to fix their financial statements, fix their target markets and improve their operational performance," he continued.

Asked whether the five are targeted to IPO next year, Sandiaga stressed that the target is still over a longer span. "Right now our target is 3-5 years ahead," he concluded.

Sources

• Sandiaga Uno Mau Boyong 5 Perusahaan IPO, Target 3-5 Tahun Lagi — CNBC Indonesia (Zefanya Aprilia), 12 November 2026 15:30. https://www.cnbcindonesia.com/market/20261112135835-17-784653/sandiaga-uno-mau-boyong-5-perusahaan-ipo-target-3-5-tahun-lagi