4 State Owned Enterprises to IPO

The Indonesian Government is planning to IPO four state owned companies in 2023. The percentage of shares that will be offered will range from 10 to 30%.

Four state owned subsidiaries that will IPO in 2023 include pertamina geothermal energy at 20 to 30% Pertamina upstream energy at 10 to 15 % of shares Pupuk Kalimantan Timur which specializes in fertilizer in East Kalimantan at 10 to 15%  and palm co which a holding in the palm oil business with ipo shares at 10 to 20%.