BRI Danareksa to facilitate IPOs for three companies in Q4 2025
BRI Danareksa Sekuritas (BRIDS) has announced plans to take three companies public through initial public offerings (IPOs) on the Indonesia Stock Exchange (IDX) later this year.
The upcoming IPOs will feature companies from the manufacturing, healthcare, and logistics warehousing sectors, targeting to raise Rp200 billion (US$12 million) to Rp300 billion each.
“Hopefully, these IPOs will launch by the end of the year, around Q4 2025,” Laksono Widodo, President Director of BRI Danareksa, told a press conference at the IDX building in Jakarta on Thursday, July 3, 2025.
All three companies are currently listed in the IDX IPO pipeline. However, Laksono acknowledged that the number of IPOs in 2025 has been relatively low compared to previous years. He attributed the decline to ongoing market volatility since early 2025, which has led many large companies to adopt a wait-and-see approach.
“Large firms prefer to wait for more stable market conditions to better attract investors,” he said.
Despite the current challenges, Laksono remains optimistic that the capital market outlook will improve in the second half of 2025, potentially spurring more IPO activity. He noted that investor sentiment could turn positive if U.S. monetary policy stabilizes under President Donald Trump’s administration.
If the Federal Reserve refrains from implementing unexpected policies, he said, there is a strong possibility of interest rate cuts, which could also prompt the Indonesian Central Bank (BI) to follow suit.
As of early July 2025, eight companies are preparing to list on the IDX, including PT Chandra Daya Investasi (CDIA), a lighthouse company with substantial asset size, signaling growing confidence in Indonesia’s capital markets.
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