Mr DIY delays IPO

Mar 5, 2020Updated May 28, 20251 min read

Malaysian home improvement brand Mr DIY may postpone its planned IPO following the effect of political uncertainty on the domestic market.

Malaysia’s equities market suffered heavily from the impact of Malaysian president Mahathir Mohamad’s unexpected resignation, as well as the continuing impact of the coronavirus outbreak. The Malaysian stock market’s 12-year bull run came to an end just last week as the media spread the news about the outgoing president. A global rout of stock prices relating to the coronavirus crisis has not helped the local situation either.

Mr DIY is expected to make a decision regarding the IPO this week. The IPO was originally targeted for the end of this month with a view to raising capital of around US$5 million, and may still go ahead if market conditions show any sign of improvement.

Mr DIY operates close to 600 outlets in the country.

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Mei Ling Tan

Contributor · RetailNews.asia

Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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