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 shar…