Four 2017 Initial Public Offerings (IPOs) Soared Over 1000 Percent

Economic growth of around 5 percent and controlled inflation have kept the Indonesian capital market attractive for entrepreneurs seeking funding through initial public offerings (IPOs). Similarly, it remains attractive for investors seeking profits from the increase in share prices on the Indonesia Stock Exchange.

Twenty-seven new issuers have listed on the Jakarta Stock Exchange since the beginning of 2017. Of these, 19 stocks have seen an increase from their initial offering price. Four stocks have even yielded returns of over 1,000 percent for investors, far exceeding the 11.95 percent increase in share prices from the end of 2016. Only 8 issuers experienced a decrease from their initial offering price.

Stocks conducting initial public offerings between January and October 2017 that recorded the highest increases include PT Pelayaran Tamarin Samudra Tbk (TAMU), which rose 3,155 percent to Rp 3,580 per share from its IPO price of only Rp 110 per share. Then there's PT Sanurhasta Mitra Tbk (MINA), whose share price increased by more than 2,000 percent to Rp 2,210 per share from its IPO price; PT Marga Abhinaya Abadi Tbk (MABA), whose shares also rose 1,730 percent to Rp 1,830 per share; and PT Kioson Komersial Indonesia Tbk (KIOS), whose share price increased by 1,003 percent to Rp 3,310 per share from its IPO price.