Top IPO Arranger in Indonesia Sees Larger Deals as Polls Loom

Large initial public offerings are expected to return to Indonesia next year as the country’s upcoming polls are seen to reduce political uncertainty, according to its top IPO banker.

“There are a lot of potential issuers hoping to come to market sometime next year,” said Oki Ramadhana, president director at Mandiri Sekuritas. “They’re preparing themselves for a window that could open fast, either during or post-election.”

The Southeast Asian country is scheduled to hold a general election on Feb. 14.

Ramadhana doesn’t expect any major policy shift after the polls, which ensures stability for global funds looking to pour ...