Indonesian private equity firm PT Saratoga Investama Sedaya has picked UBS AG and Deutsche Bank to lead its initial public offering, aiming to raise at least $200 million in the second quarter, Reuters reported. Saratoga, which was founded in 1998 by Indonesian tycoons Edwin Soeryadjaya and Sandiaga Uno, is planning to raise around $200 million in a first equity offering by an private equity firm in the Jakarta stock exchange.
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