Eleven IPOs expected in Indonesia – including AirAsia

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IDX JakartaA total of 11 Indonesian companies are expected to list at the Indonesia Stock Exchange in the rest of 2013, according to bourse filings. So far, 24 companies have been listed this year, raising a combined $1.25 billion from share sales.

Several IPOs have been postponed in the last months as the bourse in Jakarta so heavy capital outflows prompted by foreign investors selling equities and bonds. The continued weakening of the rupiah remains a concern, and the Indonesian market has also been negatively affected by slowing economic growth in China.

The companies are:

Puradelta Lestari
Siloam International Hospital
Arita Prima
Grand Kartech
Sido Muncul
Bank Indeks Selindo
Link Net
Andira Agro
Ekasari Lorena Transport
Batavia
Bank Muamalat

Other candidates that may conduct an IPO this year are Blue Bird Group, Bank Syariah Mandiri, Blitz Megaplex and Indonesia AirAsia.

AirAsia has recently reiterated that it is committed to the IPO despite it scrapped its deal to buy Batavia Air which meanwhile has gone bankrupt and is looking for strategic cooperations to continue its business.

“Our aggressive focus in Indonesia remains and we will push our Indonesian IPO plans while still maintaining close cooperation with Batavia Air,” AirAsia CEO Tony Fernandes said in a statement.

it is believed that  Batavia Air can provide a distribution system for Indonesia AirAsia across the country, and both companies intend to operate an aviation training joint venture.

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Reading Time: 1 minute

A total of 11 Indonesian companies are expected to list at the Indonesia Stock Exchange in the rest of 2013, according to bourse filings. So far, 24 companies have been listed this year, raising a combined $1.25 billion from share sales.

Reading Time: 1 minute

IDX JakartaA total of 11 Indonesian companies are expected to list at the Indonesia Stock Exchange in the rest of 2013, according to bourse filings. So far, 24 companies have been listed this year, raising a combined $1.25 billion from share sales.

Several IPOs have been postponed in the last months as the bourse in Jakarta so heavy capital outflows prompted by foreign investors selling equities and bonds. The continued weakening of the rupiah remains a concern, and the Indonesian market has also been negatively affected by slowing economic growth in China.

The companies are:

Puradelta Lestari
Siloam International Hospital
Arita Prima
Grand Kartech
Sido Muncul
Bank Indeks Selindo
Link Net
Andira Agro
Ekasari Lorena Transport
Batavia
Bank Muamalat

Other candidates that may conduct an IPO this year are Blue Bird Group, Bank Syariah Mandiri, Blitz Megaplex and Indonesia AirAsia.

AirAsia has recently reiterated that it is committed to the IPO despite it scrapped its deal to buy Batavia Air which meanwhile has gone bankrupt and is looking for strategic cooperations to continue its business.

“Our aggressive focus in Indonesia remains and we will push our Indonesian IPO plans while still maintaining close cooperation with Batavia Air,” AirAsia CEO Tony Fernandes said in a statement.

it is believed that  Batavia Air can provide a distribution system for Indonesia AirAsia across the country, and both companies intend to operate an aviation training joint venture.

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