(Dec 20): Singapore-based V Medical Aesthetics Group is exploring an initial public offering in Malaysia that could value the company at as much as RM6 billion, according to people with knowledge of the matter.

V Medical Aesthetics is working with financial advisers on the potential first-time share sale in Kuala Lumpur and could raise more than US$200 million (RM902.3 million), the people said, asking not to be identified because the process is private.

A listing could take place next year, though the timing and other details such as size may change, the people said.

V Medical Aesthetics didn’t respond to a request seeking comment.

V Medical Aesthetics offers services to treat skin problems and has more than 48 doctors at some 17 clinics, according to its website. The company, which opened a branch in Kuala Lumpur in February, has over 60,000 patients, it says.

Malaysia has been attracting Singaporean companies looking to list shares, a reversal of the historical trend. Among them, Grand Venture Technology Ltd is considering a second listing in Kuala Lumpur. About US$1.6 billion has been raised in 50 Malaysian listings this year, while Singapore has seen only four debuts that raised funds, data compiled by Bloomberg show.

x3

if u can get listed in SG, u want to get listed in MSIA? just asking

did they have assets (factories, office building, workforces) in malaysia?

here population 4x SG, more ppl to goreng their stocks here

I thought Malaysian startups would like to go overseas to list.. Why would SG companies come over instead?

maybe singapore not in good term with chaina, pro-US too much?

They dont need to compete with other big companies i guess

IPO, if the share value is good insider sapu all already no need sell IPO to public like you & me.

See share price after ipo only baru comment

then why not get listed and do operation in just zimbabue

This post has been edited by Nanti Sekejap: Dec 20 2024, 05:40 PM

There is a thing call carry trade .. So does a thing call carry IPO

Money raised today potentially end up paying back less

Zimbabwe have small number of investors compared to Malaysia

1 year later become penny stocks