GIC-backed Line Man to gear up for US$300mil IPO

Line Man Wongnai is aiming for an IPO as early as 2025, its representative said. — Bloomberg

Bangkok: Line Man Wongnai, an on-demand delivery app in Thailand, has started preparations for an initial public offering (IPO) in Bangkok that could raise around US$300mil, according to people with knowledge of the matter.

The startup is working with local advisers including Kasikorn Securities Pcl and Kiatnakin Phatra Securities Pcl on the potential first-time share sale, the people said.