People with knowledge of the matter say the firm is considering seeking a valuation of as much as RM1 billion and targets a listing next year.
KUALA LUMPUR: Loob Holding Sdn Bhd, which owns the Tealive bubble tea brand, is planning an initial public offering that could raise as much as RM300 million , according to people with knowledge of the matter.
The firm is considering seeking a valuation of as much as RM1 billion and targets a listing next year, the people said. “We have engaged corporate advisers for this exercise,” Loo said in an emailed response to Bloomberg queries. “We cannot confirm the valuation sought nor the IPO portion, pending final recommendations from our advisers.”
The country’s IPO market is expecting a boost this month from a US$250 million offering by Leong Hup International Bhd and some of its existing shareholders.
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