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Indonesia IPO rush coming as Pizza Hut owner starts IE
Sarimelati Kencana, the owner of the Pizza Hut franchise in Indonesia, began premarketing its $100m IPO this week, as the country’s equities market gears up for more action.
The three lead underwriters — CIMB, CLSA and Mandiri Securities — are arranging meetings with the buy-side for the next couple of weeks. The roadshow is expected to kick off in early May and the listing will happen later in the month.
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