PT Super Bank Indonesia (Superbank), a digital bank formed by Grab and PT Elang Mahkota Teknologi Tbk. (EMTK), has sparked market buzz with rumors of its upcoming Initial Public Offering (IPO). Addressing the speculation, Superbank President Director Tigor M. Siahaan neither confirmed nor denied the plans but emphasized the bank's current priorities as reported by Bisnis.com (23/1).

“Our focus remains on strengthening our digital ecosystem and deepening services for customers,” Tigor stated during the CEO Forum 2025 hosted by the National Bank Association (Perbanas) on January 22 in Jakarta.

Launched just last year, Superbank has already attracted 2 million customers, thanks to its collaborations with Grab, OVO, and integration into their ecosystems. Tigor highlighted that the company’s 2025 focus will revolve around enhancing its products and customer services while deepening its integration within the digital ecosystem.

The Indonesian Financial Services Authority (OJK) has clarified that no digital banks have applied for IPO permits yet. Banking Oversight Chief Dian Ediana Rae stated that most digital banks are likely still in the preparation phase.

"Many are eagerly anticipating digital banks to go public, but OJK ensures that only credible institutions proceed to safeguard investor interests,” Dian said at the same event.

While OJK has not received any applications, Bloomberg reported that Superbank is exploring a listing on the Indonesia Stock Exchange (IDX). The IPO could raise $200–$300 million, equivalent to IDR 3.25–4.88 trillion, with a potential valuation between $1.5 billion and $2 billion. However, these plans are still in the preliminary stages, and no final decision has been made.

Market analysts believe a Superbank IPO could boost the growing digital banking sector in Indonesia, which has seen significant corporate activity in recent years. Investors remain optimistic about its potential impact.

PHOTO: SUPERBANK