PT. Wijaya Karya Bangunan Gedung has decided to postpone its planned initial public offering (IPO) to the second half of 2017 to increase the funding target. Wijaya Karya Bangunan is subsidiary of PT Wijaya Karya (Persero) Tbk.

It will now aim for IDR 3 trillion from the IPO, 50% higher than IDR 2 trillion, it targeted earlier for first half issuance. Suradi, Corporate Secretary at Wika Karya, said on January 4, 2017, "Our shareholders want at least IDR 3 trillion ($225 million), because we will let go of about 30% of [our enlarged] capital." Wika Karya has yet to appoint an underwriter for Wika Gedung's IPO, he added. Wijaya Karya also plans to float its property developer PT Wijaya Karya Realty to raise at least IDR 3 trillion by the end of year 2017