Jakarta, IDN Times – The Indonesia Stock Exchange (IDX) concluded 2025 with an important disclosure from its President Director, Iman Rachman. Speaking at the capital market trading closing press conference at the IDX Building in Jakarta on Tuesday (December 30, 2025), Rachman acknowledged that the number of companies undertaking Initial Public Offerings (IPOs) fell short of the projected target for the year.
Despite missing the quantitative target for new listings, Iman Rachman highlighted a significant positive development: a substantial increase in funds raised through IPOs throughout 2025. “What’s noteworthy is that while we only achieved 26 IPOs against our target of 45, the total funds raised soared to Rp18 trillion, marking a significant increase compared to the previous year,” Iman elaborated.
Notably, the performance of Initial Public Offerings (IPOs) from ‘lighthouse companies’ also saw an impressive surge during 2025. These ‘lighthouse companies’ are defined as firms with a market capitalization exceeding Rp3 trillion. Demonstrating robust growth, the number of IPOs from these prominent entities surpassed expectations, rising from a target of five to an actual six companies.
Reflecting broader market expansion, the total number of companies listed on the IDX has now reached 956. This achievement, as stated by Iman, underscores the exchange’s consistent growth. Furthermore, the overall fundraising across the IDX also experienced a remarkable boost in 2025. “As of today, we have 956 listed companies. The total fundraise, which typically averages around Rp200 trillion annually, reached nearly Rp300 trillion this year, precisely Rp278 trillion,” Iman revealed, indicating a strong influx of capital into the market.
It is worth noting that the IDX’s initial IPO targets for 2025 underwent revisions. The exchange initially aimed for 66 new listed companies, a target that was subsequently adjusted to 45. Looking ahead, the IDX has already set an ambitious new target for 2026, aiming to welcome 50 new listed companies. Beyond equities, the overall number of listed securities is projected to grow significantly, from 400 in 2025 to 555 securities in 2026. “From the securities perspective, our target has increased to 555 new securities, up from the previous goal of around 400. This includes 50 new stock IPOs targeted for 2026, building on our 45 IPO target for this year,” Iman concluded, outlining the IDX’s strategic vision for continued market development.
Summary
The Indonesia Stock Exchange (IDX) acknowledged missing its target for Initial Public Offerings (IPOs) in 2025, with only 26 companies listed against a revised target of 45. Despite this, the total funds raised through IPOs significantly increased to Rp18 trillion, a notable rise from the previous year. Furthermore, IPOs from “lighthouse companies”—firms with market capitalization exceeding Rp3 trillion—surpassed expectations, with six new listings against a target of five.
Reflecting broader market growth, the total number of companies listed on the IDX reached 956, and overall fundraising across the exchange soared to Rp278 trillion in 2025. Looking ahead, the IDX has set ambitious targets for 2026, aiming to welcome 50 new listed companies. The exchange also projects a significant increase in the total number of listed securities, from 400 in 2025 to 555 in 2026.
