JAKARTA: PT Champ Resto, Indonesian operator of restaurant chains including Gokana Ramen & Teppan, is weighing an initial public offering in the largest nation in Southeast Asia that could raise about $150 million, according to people with knowledge of the matter.
The firm, which is backed by Indonesian private equity firm Capsquare Asia Partners, is working with advisers on the planned first-time share sale, said the people, asking not to be named as the information is private. The restaurant operator aims to list as soon as in the first quarter, the people said.