Kenangan Coffee eyes SGX listing within two years, seeks clarity on dual-listing rules

Kenangan Coffee is actively considering a listing on the Singapore Exchange within the next 24 months, according to the Indonesian café operator's chief executive. The move would mark a significant milestone for the Jakarta-based chain, which has rapidly expanded across Southeast Asia since its 2019 launch.

Before proceeding with any IPO application, Kenangan Coffee is seeking greater regulatory clarity on how companies can execute dual listings in Singapore and on regional exchanges simultaneously. Such parallel listings remain relatively uncommon in Southeast Asia and require coordination between multiple regulatory bodies, a process the company wants to better understand before committing to a public market debut.

The potential Singapore listing reflects Kenangan Coffee's ambitions to become a major regional player in the competitive coffee retail sector. A listing on SGX would provide the company with access to capital markets while strengthening its profile among institutional investors and consumers across Southeast Asia.

Kenangan Coffee has grown substantially since launching six years ago, establishing a significant presence in Indonesia and expanding into neighbouring markets. The company joins a growing number of Southeast Asian businesses exploring Singapore as a preferred listing destination, drawn by the exchange's robust regulatory framework and regional investor base.