PT Bumi Berkah Boga, the operator behind Indonesia's Kopi Kenangan coffee chain, is exploring an initial public offering that could raise up to Rp17.89 trillion ($1.1 billion), according to reports from CNBC Indonesia.
The potential listing marks a significant milestone for the company, which has rapidly expanded its footprint across the archipelago to become one of the nation's largest coffee networks.
The move would provide early investors and founders with a liquidity path while allowing the company to access public capital for further expansion.
The reported fundraising target places Kopi Kenangan among the larger recent IPO discussions in emerging markets, though it remains smaller than some global tech listings currently in the pipeline.
The company's valuation and final offering size will depend on market conditions and investor appetite for consumer-facing brands in Southeast Asia.
Kopi Kenangan's potential IPO comes as Indonesia's coffee culture continues to mature, with specialty coffee chains gaining ground against traditional warungs and international competitors.