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Rapper Jay-Z’s investment portfolio is set for a potential boost as Indonesian coffee chain Kopi Kenangan explores an IPO that could value the company at up to $1.4 billion.
The rapper invested in the fast-growing coffee brand in 2019 through his venture arm Arrive, alongside Serena Williams, helping support its expansion.
Founded in 2017, Kopi Kenangan has raised more than $234 million and is now planning further growth across Southeast Asia.
The potential listing aligns with Jay-Z’s broader investment strategy focused on high-growth consumer businesses in Asia.