Dealmakers are looking for signals from investors of enthusiasm for Malaysian new share sales as Mr DIY Group revives its $500 million initial public offering, which would be the country’s biggest in four years.
The home improvement retailer aims to restart gauging investors’ interest for the IPO next month after postponing the share sale in March when Covid-19 pandemic worsened, according to people familiar with the matter. The offering could begin as early as October, said the people, who asked not to be identified as the information is private.
At $500 million, Mr DIY’s share sale would be the biggest IPO in Malaysia since Lotte Chemical Titan Holding Bhd. raked in $849 million in 2017, according to data compiled by Bloomberg. The potential deal would give a boost to