Lately, I've come across articles on high profile companies planning to go IPO.
The latest addition is TNG Digital, which according to The Star article, may IPO in the next 2-3 years, so perhaps 2026/27 onwards.
Previously, TNG Digital raised 750 million ringgit from an equity funding round in 2022 led by investors Lazada and parent Touch 'n Go. Lazada is part of Chinese technology giant Alibaba Group , while Touch 'n Go in turn is an indirect unit of Malaysia's second largest bank $CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD)
General direction is for TNG E-wallet to be a superapp. Personally, I quite like how it's making travelling extremely convenient. The conversion rates is also fairly competitive. Their Go+ interest rates return is also ok to just park some immediate use cash to garner around 3.4% returns P.A., although it's not risk-free.
They also teamed up with CIMB Bank to provide CashLoan, which makes it way easier to get loans, but I'm not sure if the public have enough financial literacy / knows what they are getting into 馃槗
Anyway, their potential IPO is still very preliminary, but if it made it into the news... I would ascribe a certain weight to their IPO potentially happening.
Source:
https://cutt.ly/JeYInfIn
TNG Digital website:
https://cutt.ly/SeYInfhe