KUALA LUMPUR -- Malaysia's Loob Holding, which owns the Tealive bubble tea brand, is postponing its planned initial public offering slated for this year to at least mid-2021, citing weak market sentiment.
"We have delayed our IPO to next year because market sentiment is not right," Loob Holding CEO Bryan Loo told DealStreetAsia. "And we want to ramp up [a] few new business funnels before listing next year. Definitely mid-next year or later."
