Jakarta, IDN Times – The Indonesia Stock Exchange (BEI) is set to welcome a dynamic year, projecting that six “lighthouse” companies will launch their initial public offerings (IPOs) in 2026. These significant listings were highlighted by BEI President Director Iman Rachman, who confirmed that these high-profile firms are currently in the crucial technical preparation phase.
Speaking after the official opening of BEI trading for 2026 on Friday, January 2, 2026, Rachman emphasized the strategic importance of these companies. The term “lighthouse company”, as defined by the BEI, refers to enterprises boasting a substantial market capitalization exceeding Rp3 trillion.
A notable aspect of this projection is the confirmed absence of state-owned enterprises (SOEs) from the list of prospective lighthouse IPOs. Iman Rachman explicitly stated, “None from BUMN (SOEs) yet, no process so far.” This indicates a strong likelihood that the large-scale IPOs in 2026 will predominantly originate from the private sector, signaling robust activity and investor confidence in private enterprises.
Beyond these headline-grabbing lighthouse firms, the BEI has outlined ambitious broader targets for 2026, fueled by optimism regarding national and global macroeconomic conditions. Iman Rachman revealed a goal of recording 50 new stock listings, an increase from the 45 new stocks targeted in 2025, demonstrating the exchange’s confidence in market expansion.
Further solidifying its growth ambitions, the BEI anticipates an average daily transaction value (RNTH) of Rp15 trillion for 2026. The exchange also aims for a total of 555 securities listings, with the 50 new stocks forming a key part of this comprehensive target. Crucially, the BEI is committed to leveraging diverse information distribution channels to attract an impressive two million new capital market investors in Indonesia throughout 2026, underscoring its commitment to market deepening and financial inclusion.
This forward-looking optimism comes despite a challenging performance in the previous year. In 2025, the number of companies undergoing IPOs on the BEI fell short of expectations. As confirmed by Iman Rachman during the capital market trading closing press conference at the BEI Building in Jakarta on Tuesday, December 30, 2025, only 26 companies listed, missing the target of 45.
However, an encouraging trend emerged: despite the lower IPO count, the total fundraising via IPOs experienced a significant increase. “What’s interesting is that even though our target of 45 IPOs was only met by 26, the fundraise increased to Rp18 trillion compared to last year,” Iman explained. This highlights a resilience in capital attraction, suggesting that while fewer companies went public, those that did managed to secure substantial capital, providing a nuanced perspective on the market’s health.
Summary
The Indonesia Stock Exchange (BEI) projects six “lighthouse companies” will launch Initial Public Offerings (IPOs) in 2026. These high-profile firms, defined by a market capitalization exceeding Rp3 trillion, are currently in technical preparation, with no state-owned enterprises confirmed among them, signaling a focus on the private sector.
In addition to these major listings, BEI aims for a total of 50 new stock listings, an average daily transaction value of Rp15 trillion, and to attract two million new capital market investors in 2026. This forward-looking optimism follows 2025, where although IPOs fell short of target, the total funds raised significantly increased to Rp18 trillion.