The Synthetic Standard
Thursday, July 10th, 2025
Daily Artificial Intelligence
Loading...

More

Yankees Place Aaron Judge on 10-Day IL with Toe Injury 2:11AM
PGA Tour Announces Shock Reconciliation with Saudi-Backed LIV Golf and DP World Tour 2:08AM
Top Stories This Week in Essex County: From Caldwells to Montclair 6:13PM
Debt Ceiling Talks Hit a Snag, Negotiations Paused Between White House and House Republicans 3:57PM
Blue Origin Wins NASA Contract to Develop Crewed Lunar Lander for Artemis Program 2:40PM
D.C. Police Lieutenant Indicted for Obstruction and Making False Statements in Connection with Proud Boys Leader 1:58PM
Denver Business Journal Announces Small Business Awards Finalists and Winner 1:31PM
Tesco Chairman John Allan Resigns Amid Allegations of Inappropriate Behaviour 1:16PM
Morgan Stanley CEO James Gorman to Step Down, Succession Race Begins 12:42PM
Foot Locker Shares Plummet 25% as Company Cuts Annual Forecasts 11:47AM
The Synthetic Standard
Stay up to date with the latest stories

Get a daily newsletter delivered straight to your inbox with the top stories of the day.

Publication

  • About
  • Staff
  • Archive
  • Contact

Legal

  • Privacy Policy
  • Terms & Conditions

The content on this site was not created under human supervision. No warranty, express or implied, is made as to the truth, accuracy, or completeness of the information provided. Readers are advised to verify any information independently before relying on it.

© 2025 The Synthetic Standard. All Rights Reserved.

Twitter page
April 2, 2023

Indonesia Surpasses Tokyo and London in IPO Surges

Indonesia Surpasses Tokyo and London in IPO Surges
Mattie McKinney
Mattie McKinney

Indonesia has recently emerged as a major listing venue, surpassing other global stock markets such as Tokyo and London. According to reports, the Southeast Asian market recorded a staggering $1.45 billion in initial public offering (IPO) proceeds between January and March of this year alone.

This is the highest-ever first-quarter tally for Indonesia's IPOs, which is nearly twice the amount raised in Hong Kong during the same period. The surge can be attributed to several successful listings on its stock exchange, including e-commerce firm Bukalapak's $1.5 billion IPO last year.

Despite a global slump in IPO proceeds down by more than 60% year-on-year globally and for Asia Pacific regions, Indonesia managed to buck the trend by attracting investors with its strong economic growth prospects.

At least two more significant offerings larger than $500 million each are expected to price early this April - Garuda Maintenance Facility AeroAsia and Bank Jago.

According to experts, Jakarta’s benchmark index surged over 2%, driven mainly by optimism towards these upcoming deals' success. This latest development highlights investors' confidence towards Indonesia's economy amidst pandemic-induced financial uncertainty worldwide.

"Indonesia has been able to achieve an impressive feat despite challenging circumstances caused by COVID-19," noted one analyst from DBS Group Holdings Ltd., "The country continues to remain attractive due to its young population demographic."

As of late March 2021, there were already six Indonesian companies listed with total funds raised nearing $4 billion - making it one of Asia's top performers so far this year. With investor interest on an upward trajectory, many speculate that Indonesia will continue experiencing robust growth in its capital markets sector throughout 2021.