Pharmaceutical chain Big Caring weighs Malaysia IPO next year at up to RM20 billion valuation: sources
It could raise as much as RM6 billion, making it one of Malaysia’s biggest listings in years
[KUALA LUMPUR] Big Caring Group is considering an initial public offering in Kuala Lumpur next year, according to people familiar with the matter.
The pharmaceutical chain, in which buyout firm Creador holds a 35 per cent stake, may seek a valuation of as much as RM20 billion (S$6.3 billion) 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 RM6 billion, 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 did not immediately respond to requests for comment.
A total of about RM5.2 billion 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, according to its website.
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Creador has US$3.1 billion assets under management, its website shows. BLOOMBERG
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