SuperBank CEO Addresses IPO Speculation, Emphasizing Growth Strategy
JAKARTAB, investortrust.id – PT Super Bank Indonesia, or SuperBank, CEO Tigor M. Siahaan has addressed speculation regarding the bank’s potential initial public offering on the Indonesia Stock Exchange in 2025, maintaining that the company’s strategic priority remains ecosystem integration rather than immediate market activity.
"Our priority is not the market but system integration," Tigor stated when asked about the IPO rumors during the 2025 Annual Financial Industry Meeting hosted by the Financial Services Authority at the Jakarta Convention Center on Tuesday, Feb. 11, 2025.
Strong Capital Backing and Ecosystem Growth
SuperBank, launched in June 2024, operates within a robust digital and financial ecosystem supported by Emtek Group, Grab, Singtel, and Kakao.
Tigor emphasized that the bank remains well-capitalized, with a solid funding base of approximately Rp 5 trillion ($305 million). He also assured that SuperBank’s shareholders provide strong financial backing, ensuring access to additional capital when needed.
“We have very supportive shareholders, so raising funds is not an issue,” he added.
IPO Consideration and Potential Valuation
Market speculation suggests that SuperBank is actively exploring an IPO, with reports from The Edge Malaysia indicating discussions with several investment banks regarding a potential share offering as early as this year.
Sources familiar with the matter suggest that SuperBank aims to raise between $200 million and $300 million (Rp 3.27 trillion to Rp 4.91 trillion at an exchange rate of Rp 16,367 per US dollar) through the listing.
While no official confirmation has been issued, a public offering would align with SuperBank’s long-term strategy to expand its financial services and strengthen its position in Indonesia’s rapidly evolving digital banking sector.