Sandiaga Uno targets five Indonesian IPOs in three to five years
The companies are being mentored through the Rocket programme, with listing plans dependent on market, economic and geopolitical conditions.
Indonesian businessman and former tourism and creative economy minister Sandiaga Salahuddin Uno plans to bring five companies he mentors to the Indonesia Stock Exchange within three to five years.
Speaking after the TICMI Capital Market and Business Conference 2026 at the exchange building on 12 November 2026, Sandiaga said the proposed initial public offerings remained medium- to long-term goals. Their timing would take account of capital market conditions, the macroeconomic situation and global geopolitical developments.
The five businesses are part of his Rocket programme. Asked whether they were aiming to list next year, he reiterated that the target was three to five years away.
Sandiaga said he hoped current developments would not disrupt their preparations. He wanted the companies to use the preparation period to improve financial reporting, sharpen their target markets and strengthen operational performance.
He also expressed hope that domestic political issues would be resolved, providing greater certainty for Indonesia's economy and capital market. In his view, political stability helps sustain investor confidence and attract investment, including support for the planned listings.
