Samsul Hidayat, Director of the Indonesia Stock Exchange (IDX) stated that some 5 companies will launch the initial public offering (IPO) in near future. Per July 2017, 20 companies have listed their shares on IDX. While said 5 companies on IPO pipeline engage in mining, property, and textile businesses. IDX also said some eights companies, subsidiaries of state-owned enterprises (SoEs) have proposed their IPO plans. They are PT Garuda Maintenance Facility Aero Asia (GMF), PT Tugu Pratama Indonesia, PT PP Energi, PT PP Urban, PT PP Peralatan (PP Alat), PT Wika Gedung, PT Wika Realty, and PT Jasa Armada Indonesia. Other companies plans IPO are PT Trisula Industries, PT Samick Indonesia, PT Trafoindo Prima Perkasa, PT Ayana Realty, and PT Sriwijaya Air.