Malaysia-based home improvement retailer Mr. D.I.Y. is looking to make a debut on Bursa Malaysia and launch an IPO that could raise as much as 1.5 billion ringgit ($360 million), said a person familiar with the matter.
It is understood that Mr. D.I.Y. is on track to list by November 2019. However, if the Malaysian capital market remains weak, the IPO may be deferred to 2020 as the retailer is in no hurry to list, said the person, an industry source.