Singapore-based broadband services provider MyRepublic is gearing up for an initial public offering by the end of 2018 to fund expansion in Asia, its chief executive said on Thursday.
The company has also begun moves to raise S$100 million ($72 million) from private-equity players and existing strategic investors in the next 60 to 90 days.
After that fundraising, the company is eyeing a valuation of S$650 million, CEO Malcolm Rodrigues told a media briefing.
He did not name potential investors in MyRepublic.
The company is considering getting listed in Singapore, Hong Kong or Australia. My Republic declined to say how much it wants to raise through an IPO.
“Once we get through our listing, our plan is to expand around the region and expand around the world,” Rodrigues said, adding that targets for expansion include Thailand, Cambodia and Sri Lanka.
MyRepublic, which has previously raised S$120 million, operates in Singapore, Indonesia, Australia and New Zealand.
– Reuters
↧