Tealive owner eyes IPO this year
The company might be valued at about RM 1 billion (US$242 million).
Tealive parent Loob Holdings might go public this year after appointing corporate advisors for the company’s possible listing at Bursa Malaysia, founder and CEO Brian Loo told The Malaysian Reserve.
The report noted from previous reports that the company’s value might pick up at about RM 1 billion (US$242 million).
The company, who previously operated Chatime in the country, had a dispute with the global tea chain’s owner La Kaffa International over their franchise relations.
Loob now operates Tealive in over 500 locations across Malaysia since launching the brand in 2017. It is also located in some international locations, including Australia, the Philippines and the UK.
Besides the bubble tea brand, Loob also operates other food and beverage brands like Croissant Taiyaki, Gindaco and Ko Ko Kai.
Read the full report here.
