According to individuals familiar with the matter, one of Malaysia's largest convenience store chains is planning an initial public offering (IPO) that could value the company at approximately $750 million.
These sources indicated that KK Super Mart is targeting a listing in the second half of this year. They further added that the IPO might represent over 25% of the company's equity value.
The company did not immediately respond to requests for comment.
KK Super Mart's move to go public comes as global stock markets are repeatedly hitting record highs, fueled by investors' sustained interest in equities, even amid uncertainties that are also driving demand for safe-haven assets.
Stock exchanges across Asia, including in Japan and South Korea, have been consistently reaching new peaks, with emerging markets increasingly attracting investors seeking diversification and more attractive valuations.
This environment is bolstering corporate confidence to test the public markets, despite the persistent backdrop of geopolitical uncertainty and market volatility.
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