"U Mobile is in the process of planning an IPO and we are targeting to go public next year, ” Chief Executive Officer Wong Heang Tuck said in an emailed response to questions. "However, the exact timing would be largely dependent on market conditions.”
KUALA LUMPUR: U Mobile Sdn Bd, a Malaysian mobile service provider, is planning to raise about US$500mil in an initial public offering in Kuala Lumpur, according to people familiar with the matter.
The wireless carrier has asked banks for proposals to help with the potential share sale, the people said. The company is set to pick advisers soon for a listing that could happen as early as the end of 2020, said the people who asked not to be named as the information is private.
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