Malaysia's largest home-improvement retailer seeks $361m in IPO

Mr DIY's pandemic-delayed listing would be country's biggest in three years

Since Mr DIY opened its first location in 2005, the company has grown into Malaysia's largest home-improvement retailer, with 674 stores across the country and four locations in Brunei.

P PREM KUMAR, Nikkei staff writer

October 6, 2020 15:36 JST

KUALA LUMPUR -- Home-improvement store operator Mr DIY Group of Malaysia opened its initial public offering for bids, aiming to raise 1.5 billion ringgit ($360.6 million) in what would be the country's largest stock market listing since 2017.

The company on Tuesday unveiled its prospectus, an important step to listing on the main board of Kuala Lumpur's stock exchange, known as Bursa Malaysia. Mr DIY's first two attempts at listing -- late last year and the first half of 2020 -- were shelved amid the coronavirus pandemic.