JAKARTA (TheInsiderStories) - President Director of Indonesia Stock Exchange (IDX) Tito Sulistio said at least 14 State-owned Enterprise (SOE) subsidiaries have stated their commitment to launch initial public offering (IPO) in 2017. This is partly encouraged by the SOE Minister Rini Soemarno who called on the state companies to seek alternative funding sources as there will be no allocations for state capital injection next year. The IDX also continues to urge regionally-owned companies to offer their shares to the public through the stock market. This year, the IDX is targeting to have 25 new issuers. As of September, only 14 new companies have gone public. The IDX has also raised its market capitalization target to Rp6,300 trillion for next year. It is confident that the target will be achieved as the tax amnesty proceeds keep increasing. (*)