Line Man Wongnai, Thailand’s leading e-Commerce platform for food services, is eyeing an initial public offering in Thailand that could raise around $300 million, according to Bloomberg which cited people close to the matter.
The well-known delivery platform in Thailand is working with local advisers including Kasikorn Securities and Kiatnakin Phatra Securities as the listing could happen as soon as next year.
Bloomberg stated that the company responded to its query, saying that it is aiming for an IPO as early as 2025. However, the representative did not give further details on the plan.
In addition, the source noted that the discussion is ongoing and details regarding the size and timeline could still change.
