Barbeque-Nation refiles for Rp12bn IPO

By Jonathan Breen
19 Feb 2020

Barbeque-Nation Hospitality is planning an IPO of up to Rp12bn ($167.8m). It has revived its listing plans two years after first announcing the transaction.

The Indian company will raise Rp2.75bn in new equity, while existing shareholders will provide 9.8m secondary shares in an offer-for-sale. The firm is targeting Rp10bn to Rp12bn in proceeds, according to local media reports.

Among the selling shareholders, promoter Sayaji Housekeeping Services and second largest stakeholder Tamara are ...

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