Mr Diy Share Ipo . Mr diy was backed by private equity firm creador. Mr diy raised rm1.5bil from the market.
Upon completion of its ipo, diy would list 6.277 billion shares and thus, bringing diy’s market capitalisation to rm 10 billion. Mr.diy group (m) sdn bhd, malaysia’s largest home improvement retailer, is planning to increase the number of local stores to a few hundred more in the near future, part of the company’s aggressive expansion strategy. Mr diy said it would be offering 470.75 million ipo (initial public offering) shares to bumiputera investors approved by the ministry of international trade and industry.
The company, which is only looking to list its malaysian business, is targeting a valuation of rm10bil, potentially making it the 35th largest company by market capitalisation should it be listed on bursa malaysia,
10 things you need to know about mr d.i.y 's ipo: At $500 million, mr diy’s share sale would be the biggest ipo in malaysia since lotte chemical titan holding bhd. The ipo, of up to 941.49 million mr diy shares, represents 15% of the enlarged issued 6.28 billion shares, and comprises of an offer for sale of up to 753.09 million existing shares and a public. Mr diy commanded an estimated market share of 29.1% in 2019 based on its revenue for the financial year ended december 31, 2019.