South-East Asian IPOs show tentative revival


In Malaysia, home improvement retailer Mr DIY has re-started the process for its up to US$500mil IPO, boosted by business recovery, sources familiar with the deal said.

SINGAPORE: A handful of companies from the technology and consumer durables sectors are aiming to launch initial public offerings (IPOs) in South-East Asia later this year, pointing to an upturn after pandemic-hit markets and weak economic growth slashed fundraising.

In Malaysia, home improvement retailer Mr DIY has re-started the process for its up to US$500mil IPO, boosted by business recovery, sources familiar with the deal said.

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