PT Sarimelati Kencana, operator of Pizza Hut in Indonesia, has this morning kicked off its initial public offering (IPO) for 604.37 million shares, representing 20% of its total issued and paid-up capital. The book building starts today and will last until May 3, 2018. The offering is scheduled for May 17-18, 2018 and listing on the Indonesia Stock Exchange (IDX) is set for May 23, 2018. Acting as underwriters for this IPO are PT CGS-CIMB Sekuritas Indonesia, PT CLSA Sekuritas Indonesia, and PT Mandiri Sekuritas.

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