Loob brewing up rapid expansion to revisit listing plan

SINGAPORE: Malaysia’s Loob Holding, which owns South-East Asia’s biggest bubble tea brand by stores, will consider plans for a share listing once it reaches its target of operating 1,000 Tealive stores in the country by 2024, its top executive says.

“By then, we may consider an initial public offering (IPO) if the timing and pricing are attractive,” Bryan Loo, Loob’s chief executive officer, told Reuters in an interview.