Retailer Mr DIY revives RM2.09bil listing plan

Extensive network: Customers shop at Mr DIY outlet in Kuala Lumpur. Mr DIY opened its first store in Malaysia in 2005 and now operates more than 622 outlets across the country.

KUALA LUMPUR: Mr DIY Group is reviving its initial public offering (IPO) plan after postponing it in March when the Covid-19 pandemic worsened, according to people with knowledge of the matter.

The country’s biggest home improvement retailer aimed to restart marketing to gauge investors’ interest next month, the people said. The company aimed to raise about US$500mil (RM2.09bil) in the share sale, which could begin as early as October, the people said, asking not to be named as the information is private.