Indonesian Pizza Hut operator said to be planning US$150m IPO

Jakarta

THE biggest pizza chain in Indonesia is planning a domestic initial public offering that could raise as much as US$150 million, people with knowledge of the matter said.

PT Sriboga Raturaya has picked advisers for a listing of its food service and restaurant franchising unit, which runs outlets of Pizza Hut and Japanese noodle chain Marugame Udon, according to the people. The business could sell shares in Jakarta as early as the first half of 2018, they said, asking not to be identified because the information is private.