Tealive appoints advisors for IPO
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Malaysian bubble-tea chain Tealive parent, Loob Holding, has appointed advisors as it prepares for an IPO this year.
Last year, the company said that it aimed to raise MYR300 million (US$72 million) for Malaysian IPO.
According to The Malaysian Reserve, however, Tealive’s owner and the operator could raise MYR1 billion based on prior valuation, depending on the market and investors’ view.
“There will never be the right timing in business, including when to list,” said Bryan Loo, founder and CEO at Loob Holding. “Our ultimate long-term mission is to build Malaysia’s very own global lifestyle tea brand.”
Managing several F&B brands such as Ko Ko Kai and Define Food, Loob operates more than 500 Tealive outlets. It also has stores in China, Vietnam, Philippines, Brunei, Myanmar, Australia and the UK.
Questions & Answers
Q.What is the primary objective of Tealive's parent company, Loob Holding, in pursuing an IPO?
What is the primary objective of Tealive's parent company, Loob Holding, in pursuing an IPO?
Loob Holding's long-term mission is to establish Tealive as Malaysia's own global lifestyle tea brand. The IPO is a step towards achieving this broader goal of international expansion and recognition.
Q.How many Tealive outlets does Loob Holding currently operate, and where are they located internationally?
How many Tealive outlets does Loob Holding currently operate, and where are they located internationally?
Loob Holding operates over 500 Tealive outlets. Beyond Malaysia, it has stores in China, Vietnam, the Philippines, Brunei, Myanmar, Australia, and the UK.
Q.What is the updated fundraising target for the IPO, according to recent reports, and what factors influence this amount?
What is the updated fundraising target for the IPO, according to recent reports, and what factors influence this amount?
While the company initially aimed to raise MYR300 million, reports suggest it could potentially raise MYR1 billion. This higher figure depends on the market conditions and investors' perceptions at the time of the listing.
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