Line Man Wongnai, Thailand’s e-Commerce platform for services and food delivery, has begun appointing advisors in preparation for an initial public offering that is targeted to be as soon as 2025, according to a report from Reuters citing an executive in the company.
In an interview with Reuters, Chief Financial Officer In Young Chung said that Line Man Wongnai is expecting a listing in Bangkok, Thailand, but would also consider a dual listing in another market such as Wall Street, providing that there is sufficient interest from investors.
Currently, Thailand has two major food delivery operators; Line Man and Singapore-based Grab. Food delivery is widely used in the kingdom, especially since the Covid pandemic.
