KUALA LUMPUR: Big Caring Group Sdn Bhd is considering an initial public offering (IPO) in Kuala Lumpur next year, according to people familiar with the matter.
The pharmaceutical chain, in which buyout firm Creador Sdn Bhd holds a 35% stake, may seek a valuation of as much as RM20bil in the IPO, the people said, asking not to be identified because the information is private.
At that size, it could raise as much as RM6bil, they said, making it one of Malaysia’s biggest listings in years.
Deliberations are ongoing and details could change, the people said.
Big Caring and Creador didn’t immediately respond to requests for comment. A total of about RM5.2bil has been raised in first-time share sales in Kuala Lumpur this year.
Big Caring operates more than 600 stores and has expanded into digital health, distribution and manufacturing, its website said. — Bloomberg
