3
Table 1.1 - Value of JCI from 2001 – 2011, number of IPOs, number of Book
Built IPOs and Value of the IPOs
This table contains the development of Jakarta Composite Index, Number of IPOs issue per year, Book
Built IPOs per year, and the value of equity in IPO.
Year
Value
of
JCI
(in
Rupiah)
Number
of
IPOs
Book
Built
IPOs
Value
of Equity
Raised
in IPOs
(In
Billion Rupiah)
2001
425.61
32
0
1,096.76
2002
451.64
21
0
1,216.04
2003
388.44
9
0
7,508.23
2004
752.93
7
0
907.55
2005
1045.44
6
0
3,445.83
2006
1232.32
12
0
3,014.11
2007
1757.26
22
3
17,181.54
2008
2627.25
18
13
23,714.2
2009
1332.67
12
9
3,717.97
2010
2610.80
22
20
29,300.2
Based
on
the
table
above,
the
number
of
new
equities
has
been
increasing
year
by
year
enormously.
The
value
of
the
new
equity
in
2001
is
Rp.
1,096.76
billion.
A
decade
later the value
of the new equity
is Rp. 29,300.2
billion.
The increase
within
10 years gap is almost
300%.
From the table, the number
of firms that issued IPO has
changes
overtime. Number
of IPOs has decreased
quite significantly
during
the year
2003
to
2005.
The
financial
crisis
that
happened
in
1997
might
be
the
reason
of
the
decreased
number,
since
Indonesian
Capital
Market
are
still
regaining
it’s
stability
and
carefully
handling
the
risky
financial
system
(Biro
Stabilitas
Sistem
Keuangan,
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