Backed by Capsquare Asia Partners, Indonesian private equity firm, the company is working with advisers on the planned debut share sale and the restaurant operator aims to list as soon as Q1 2020.
Tuesday 15, October 2019
Indonesia’s Champ Resto, the operator of restaurant chains such as Gokana Ramen and Teppan, is weighing an initial public offering in the largest nation in Southeast Asia that could raise about $150 million, reported Bloomberg.
Deliberations are ongoing and there is no certainty that Capsquare and the company will proceed with the planned IPO.
Champ Resto joins Amman Mineral Nusa Tenggara, which owns the second-largest copper and gold mine in Indonesia as well as Lion Air in plans to list on the local stock exchange.