Creador-backed Malaysian retailer Mr. D.I.Y. to go public by year-end

Photographer: Wei Leng Tay/Bloomberg

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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter