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Coffee's hot as IPO could value Cafe Coffee Day at $1 billion

Feb 27, 2015    

MUMBAI (Reuters) - The firm behind Cafe Coffee Day, India's biggest homegrown coffee chain, is set for a market debut that could value it at almost $1 billion, even as the country's burgeoning cafe culture draws global giants Starbucks(SBUX.O) and McDonald's(MCD.N).Cafe Coffee Day, a cafe pioneer in India, aims to list a 20 percent stake, raising roughly $200 million, within the next quarter, sources with direct knowledge of the plans said.It has hired investment banks Kotak Mahindra Capital and Citigroup among other advisors and plans to file for the listing by the end of April, the sources s...

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