Super Bank’s backers also include app platform Grab Holdings and Singapore Telecommunications (SGX:Z74
) and KakaoBank Corp., according to its website. It traces its roots back to 1993, when it was known as PT Bank Fama International.
Super Bank Indonesia is considering an initial public offering that may take place in Jakarta as soon as this year, according to people familiar with the matter.
The digital banking company, part of Indonesian conglomerate PT Elang Mahkota Teknologi Tbk., is seeking to hire banks to work on a potential share sale that could help it raise US$200 million to US$300 million, the people said, asking not to be identified discussing private information. The Jakarta-based company may seek a valuation of US$1.5 billion to US$2 billion in a potential listing, the people said.
