PappaRich Malaysia considering IPO
In this article (5)
Food chain PappaRich Malaysia is considering a Singapore IPO, possibly this year.
Insiders say the company, which opened its first restaurant in Malaysia in 2006, aims to achieve a valuation of at least S$200 million (US$140 million) in the share sale.
PappaRich would follow other Southeast Asia-based restaurant chains including ABR Holdings, which runs Swensen’s ice cream parlours, and kopi tiam restaurant chain Oldtown in gaining a listing to fund expansion.
A PappaRich representative says a listing has always been a consideration as the company considers fundraising options to support its expansion plans.
Oldtown, which makes instant coffee and runs cafes, has risen 18 per cent in Kuala Lumpur trading over the past 12 months, and shares of Thai dessert chain After You, which raised US$21 million in a Bangkok IPO last month, have surged 167 per cent from their offer price.
More than a million customers dine at the PappaRich outlets monthly, according to its website. The company has about 100 outlets globally including Australia, China, New Zealand, Singapore and the US.
Questions & Answers
Q.What is the expected valuation PappaRich Malaysia hopes to achieve from its share sale?
What is the expected valuation PappaRich Malaysia hopes to achieve from its share sale?
PappaRich aims to achieve a valuation of at least S$200 million (US$140 million) through its potential IPO. This figure is based on information from company insiders.
Q.Which other Southeast Asian restaurant chains have listed to fund their expansion plans?
Which other Southeast Asian restaurant chains have listed to fund their expansion plans?
Other chains include ABR Holdings, which operates Swensen’s ice cream parlours, and Oldtown, a kopi tiam restaurant chain that also makes instant coffee.
Q.How many outlets does PappaRich currently operate worldwide and in which regions?
How many outlets does PappaRich currently operate worldwide and in which regions?
The company has approximately 100 outlets globally. These are located in Australia, China, New Zealand, Singapore, and the US, as well as its home country, Malaysia.
Q.When was the first PappaRich restaurant opened in Malaysia?
When was the first PappaRich restaurant opened in Malaysia?
The first PappaRich restaurant opened its doors in Malaysia in 2006. This was the start of the company's expansion.
Reader pulse
Is a Singapore IPO a smart move for PappaRich?
20,203 votes so far