Budget-hotel platform RedDoorz set to knock on SGX’s door for 2027 IPO
It plans to use the proceeds to fund acquisitions across Asia-Pacific, including in Australia and India
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[JAKARTA] Singapore-based hotel management platform RedDoorz is preparing for a 2027 mainboard listing on the Singapore Exchange (SGX), as it seeks to raise between US$50 million and US$100 million to fund an acquisition-led push across Asia-Pacific, said its top executive.
The company – one of South-east Asia’s largest tech-enabled budget-hotel management platforms – expects to begin laying the groundwork within weeks for the listing plans by appointing investment banks, legal advisers and auditors, RedDoorz CEO and founder Amit Saberwal told The Business Times in an interview.
“We have the opportunity to deploy US$50 million to US$100 million of funds through our M&A (mergers and acquisitions) pipeline and we want to aim for a similar range (for the initial public offering),” he said.
