Lion Air Said to Consider Reviving $500 Million Indonesian IPO

PT Lion Mentari Airlines is considering reviving an initial public offering in Jakarta that could raise as much as $500 million, according to people familiar with the matter.

Indonesia’s biggest private carrier is working with advisers on a potential offering that could take place as soon as the end of this year, the people said, asking not to be identified discussing private information. The company could raise $300 million to $500 million, they said.

Deliberations are ongoing and details such as the size and timing of the IPO could still change, the people said. A representative for Lion Air declined ...