Indonesia eyes $11 bln in capital market fundraising this year

JAKARTA, Jan 2 (Reuters) - Indonesia is targeting 170

trillion rupiah ($10.92 billion) in capital market fundraising

for this year, including from initial public offerings and debt

instruments, its financial regulator said on Monday, well below

the amount raised in 2022. About 260 trillion rupiah was raised through the capital

market last year, including the IPO of top tech firm PT GoTo

Gojek Tokopedia, which raised $1.1 billion in April. Inarno Djajadi, head of capital market supervision at the

Financial Services Authority, said there were 84 offerings in

the pipeline with 81.41 trillion rupiah ($5.23 billion) in total

estimated value. About 54.5 trillion rupiah of that would be from 58

potential IPOs. Among firms expected to go public in 2023 are two units of

state energy firm Pertamina, Pertamina Geothermal Energy and

Pertamina Hulu Energi. Pertamina Hulu Energi could raise up to $2 billion, sources

with knowledge of the matter told Reuters in December. State-Owned Enterprises Minister Erick Thohir in a separate

event on Monday said that state palm oil grower Palm Co, a unit

of state plantation firm PTPN III, may launch an IPO this year.

($1 = 15,570.0000 rupiah)

(Reporting by Stefanno Sulaiman; Additional reporting by

Bernadette Christina Munthe; Editing by Gayatri Suroyo, Martin

Petty)