SOEs Could Pave the Way for Prabowo’s IDR 22.000 Trillion Market Cap Target

Several state-owned enterprises (SOEs) are gearing up for initial public offerings (IPOs), which could support the Prabowo-Gibran administration in achieving its target of IDR 22,000 trillion in stock market capitalization.

Bisnis, JAKARTA — State-owned enterprises (SOEs) like PT Pelabuhan Indonesia (Pelindo) and the mining holding MIND ID are poised for initial public offerings (IPOs) that could significantly contribute to reaching the stock market capitalization target of IDR 22,000 trillion.

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