Indonesia's IPO Market Shows Strong Potential for 2026

Regional IPO Trends

The Southeast Asian IPO market demonstrated significant recovery in 2025, with US$5.6 billion raised in the first 10.5 months, representing a 53% increase compared to the same period in 2024 ¹

. This rebound was primarily driven by large IPOs and strong performances from key markets including Singapore, Vietnam, Malaysia, and Indonesia. Notably, these four countries collectively accounted for over 83% of the region's total IPO funds, amounting to US$4.7 billion ¹

Source 1

https://investasi.kontan.co.id/news/prospek-ipo-indonesia-makin-cerah-pada-2026-ini-sentimen-pendorongnya

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Indonesia's IPO Performance

Indonesia emerged as one of the leading IPO markets in Southeast Asia in 2025. The country witnessed 24 IPOs that collectively raised US$921 million (approximately Rp 15.35 trillion) ³

. The energy and resources sector was particularly active, contributing significantly to the total funds raised. Notable IPOs included PT Merdeka Gold Resource Tbk (EMAS), which raised US$279 million (Rp 4.65 trillion), and PT Chandra Data Investasi Tbk (CDIA), which raised US$144 million (Rp 2.4 trillion) ³

Source 3

https://investasi.kontan.co.id/news/prospek-ipo-indonesia-2026-cerah-ini-sektor-unggulan-yang-menarik-bagi-investor

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Market Outlook for 2026

Industry experts remain optimistic about Indonesia's IPO market prospects for 2026. The improving global sentiment and expectations of interest rate cuts are likely to boost investor appetite for new listings ²

. According to Nafan Aji Gusta from Mirae Asset Sekuritas, "Masih prospektif ya untuk 2026, khususnya terkait pasar IPO di Tanah Air, karena minat investor masih akan positif" ("The outlook for 2026 remains positive, particularly for the IPO market in Indonesia, as investor interest is expected to remain strong") ²

Source 2

https://investasi.kontan.co.id/news/riset-delloite-malaysia-dan-indonesia-pimpin-volume-ipo-di-asia-tenggara

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Key Drivers and Challenges

The positive outlook for Indonesia's IPO market in 2026 is supported by several factors. First, the global economic recovery is expected to continue, enhancing investor confidence. Second, potential interest rate cuts could make equities more attractive compared to fixed-income instruments. However, market participants will need to navigate potential challenges, including global economic uncertainties and market volatility.