Indonesian banks remain in IPO pipeline as listing standards tighten
The financial regulator says interest in going public has not weakened, attributing fewer new listings to tougher standards.
Several Indonesian banks are preparing initial public offerings, despite a significant decline in the number of companies completing IPOs, according to the Financial Services Authority (OJK). The regulator said interest in listing remained intact but companies faced stricter requirements.
Speaking at JIExpo Kemayoran on 22 October 2026, Hasan Fawzi, OJK’s chief executive for capital market, financial derivatives and carbon exchange supervision, confirmed that banks remained in the IPO pipeline. He could not recall the exact number and declined to identify them.
Hasan said the tighter standards put quality ahead of quantity. OJK wants companies selling shares to the public to demonstrate resilience and promising growth prospects, he said, attributing the sharp fall in new IPOs to that approach.
The regulator also wants to assess funds raised against the business expansion, operational improvements and future development plans set out in companies’ prospectuses. Hasan said post-IPO share performance differed from earlier periods, with prices remaining relatively sustainable at levels he considered fair.
