JAKARTA, RAKYAT NEWS – Superbank Indonesia has officially stated that it has no immediate plans for an initial public offering (IPO). The digital bank, which launched in February 2023, is currently focusing on developing its business and integrating its systems. Tigor Siahaan, President Director of Superbank, emphasized that the company is prioritizing internal development rather than entering the market at this time.

In a statement made at the Financial Services Industry Annual Meeting held by OJK on February 11, 2025, Tigor reassured that the bank has sufficient resources for its business strategies. “Our equity is above 5 trillion rupiahs, and we have very supportive shareholders. Thus, whenever we need funding, it will be easy,” he said.

Despite recent rumors about a potential IPO with a valuation of up to 32.6 trillion rupiahs, Superbank has clarified that it does not respond to speculation or rumors. Bloomberg had reported, citing unnamed sources, that Superbank was seeking financial advisors to explore the possibility of a stock sale, potentially raising between US$200 million (Rp 3.26 trillion) and US$300 million (Rp 4.89 trillion).

According to the same report, Superbank, part of the Emtek business conglomerate, was aiming for a valuation between US$1.5 billion (Rp 24.46 trillion) and US$2 billion (Rp 32.6 trillion) in its IPO. However, the plans remain in the early stages, and no agreements have been made yet. Details about the offering could change depending on the market conditions.

Representatives from Emtek and Singtel have not yet responded to inquiries regarding the IPO rumors. Additionally, Grab and Kakao Bank, which are investors in Superbank, declined to comment on the matter.

Ekaputra Aditya, Superbank’s Head of Corporate Finance and Investor Relations, also refrained from commenting on the ongoing speculation, reiterating that the company does not respond to rumors. This has left the IPO question unresolved, though it remains an area of significant interest in the financial sector.

Superbank’s current focus remains on improving its digital banking services and expanding its customer base. With a solid financial foundation and strong backing, the bank is positioning itself for long-term growth, potentially preparing for market entry when the timing aligns with its strategic goals.

As the bank continues to develop, its leadership is dedicated to ensuring sustainable growth, while keeping an eye on future opportunities, including public offerings if it becomes part of its business trajectory. The company remains committed to its vision of becoming a key player in Indonesia’s rapidly growing digital banking sector.(Uki Ruknuddin)

 

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