Indonesia IPO rush coming as Pizza Hut owner starts IE

By John Loh, Jonathan Breen
12 Apr 2018

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.

Sarimelati is a unit of food ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial