Indonesia’s most decorated football club, Persib Bandung, is preparing to make history by becoming one of the second professional football teams in the country to go public. The club has announced plan to launch an Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX) in early 2026, marking a significant milestone in both sports and financial markets.
The IPO announcement follows Persib's triumphant 2024/2025 Liga 1 championship victory, further boosting investor confidence and public enthusiasm. Known as "Maung Bandung", the West Java-based club has long been recognized as one of Indonesia's most successful and financially robust football institutions.
CEO of PT Persib Bandung Bermartabat (PBB), Glenn Sugita, confirmed the IPO plan following Persib’s final league match against Persis Solo at the Gelora Bandung Lautan Api Stadium on Saturday, May 24, 2025.
“This makes us feel that going public is no longer a dream, but something that can soon become a reality,” Glenn said.
The Indonesia Stock Exchange, while refraining from commenting on specific companies, expressed support for firms looking to list their shares, especially those with strong corporate governance and sustainable business models.
“With good governance, it is expected that companies will not only attract investors but also generate long-term value for all stakeholders,” I Gede Nyoman Yetna, IDX's Director of Corporate Valuation, said on Tuesday, May 27, 2025.
Persib will be the second professional Indonesian football club listed in the IDX after Bali United which had gone public since June 17, 2029.
Persib's potential IPO could set a precedent for other football clubs in the region, signaling growing commercial sophistication in the country’s sports industry.
Analysts believe that the club's strong fan base, consistent on-field performance, and sound financial management make it a compelling prospect for public investment.
Founded in 1933, Persib Bandung boasts a storied legacy in Indonesian football, with multiple national titles and a loyal group of supporters known as "Bobotoh". Financially, the club has stood out for its corporate structure under PT Persib Bandung Bermartabat, making it one of the few clubs in Indonesia to operate with professional business practices and transparency.
As details of the IPO, including the size, valuation, and underwriters, are yet to be announced, both fans and market observers will be closely monitoring developments in the months ahead.
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