Malaysian bubble-tea chain Tealive Eying IPO
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Loob Holding, parent of Malaysian bubble-tea chain Tealive, is preparing an IPO in Malaysia with a view to raising MYR300 million (US$72 million).
The firm, which operates more than 200 food-and-beverage outlets in the territory, has reportedly hired advisors to facilitate the process and is seeking a valuation of up to MYR1 billion.
“We have engaged corporate advisers for this exercise,” said Loo’s CEO Bryan Loo. “We cannot confirm the valuation sought nor the IPO portion, pending final recommendations from our advisers.”
New listings have been slow off the mark this year, with only $9.4 million in first-time sales so far compared to $47.8 million during the same period last year. Several retail businesses are expected to list shortly, including Malaysia KFC operator QSR Brands and home improvement chain Mr DIY.
Questions & Answers
Q.How much money does Tealive's parent company, Loob Holding, intend to raise through its IPO?
How much money does Tealive's parent company, Loob Holding, intend to raise through its IPO?
Loob Holding aims to raise MYR300 million, which is equivalent to US$72 million, through its planned initial public offering in Malaysia. This funding is part of their strategy for the company's future growth.
Q.What valuation is Tealive's parent company, Loob Holding, reportedly seeking for the IPO?
What valuation is Tealive's parent company, Loob Holding, reportedly seeking for the IPO?
Loob Holding is reportedly seeking a valuation of up to MYR1 billion for the upcoming IPO. The CEO, Bryan Loo, stated that the final valuation is pending recommendations from their corporate advisers.
Q.How many food-and-beverage outlets does Loob Holding currently operate in the territory?
How many food-and-beverage outlets does Loob Holding currently operate in the territory?
Loob Holding, the parent company of Tealive, currently operates more than 200 food-and-beverage outlets in the territory. This forms a significant part of their retail presence as they prepare for the IPO.
Q.Which other retail businesses are expected to list soon in Malaysia, alongside Tealive?
Which other retail businesses are expected to list soon in Malaysia, alongside Tealive?
Malaysia KFC operator QSR Brands and home improvement chain Mr DIY are also expected to list shortly. Their upcoming listings suggest a potential increase in activity for the new listings market.
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