Affinity-backed Yupi said to be nearing Indonesia IPO at around $1.2b valuation

Affinity-backed Yupi said to be nearing Indonesia IPO at around $1.2b valuation

Yupi candies on display in a convenience store in Singapore.

PT Yupi Indo Jelly Gum, which owns one of Southeast Asia’s largest gummy bear brands, is gearing up for an imminent initial public offering that may take place in Jakarta in the coming months, according to people familiar with the matter.

Edited by: Pramod Mathew

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