(Indonesia may become one of the hottest IPO markets this year)-according to a report by CNN on May 29th, in the past year, as many major central banks around the world have raised interest rates, many investors have chosen to withdraw their money from the stock market. However, the Indonesian market has bucked the trend and is expected to become one of the hottest IPO markets in the world this year. According to statistics, since the beginning of this year, the capital raised by the Indonesian stock market has reached 2.1 billion US dollars, and it is expected that there will be at least five large enterprises in Indonesia's IPO by the end of this year. According to statistics, the amount of capital raised by IPO on the Indonesian stock market in 2022 is 2.2 billion US dollars. It is reported that Indonesia, with a population of 271 million, grew by 5.31 per cent last year. Indonesia is also a big country in natural resources, with the world's largest reserves of nickel and rich natural deposits of tin, copper, cobalt and bauxite, some of which are key materials for making electric car batteries.