Cinema XXI Chain Owner Weighs $1.1 Billion Jakarta IPO, Sources Say
- An offering could raise $500 million to $1.1 billion next year
- Considerations are at an early stage and details could change
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PT Nusantara Sejahtera Raya, the operator of Indonesia’s largest movie theater chain Cinema XXI, is considering an initial public offering in Jakarta that could raise as much as $1.1 billion, according to people familiar with the matter.
The company, also known as 21Cineplex, is working with advisers on the potential offering, which could take place as soon as next year, said the people, who asked not to be identified as the information is private. The share sale could raise between $500 million and $1.1 billion, the people said.