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MOL first to fly the flag for Malaysian firms with US listing
Southeast Asia’s largest e-payment firm, MOL Global, filed for a $300m Nasdaq IPO this week, and if successful it will be the first Malaysian firm to list in the US. Malaysia's capital-rich domestic market has traditionally kept firms onshore, but those aiming for the best valuations will be better off heading to the US, write Rev Hui and Rashmi Kumar.
MOL has certainly sprung to the attention of emerging market investors, and not just because its owner, billionaire Vincent Tan, has been an active participant in the IPO market in recent months.
Tan tried to list his gaming and lottery management business Sports Toto Malaysia on ...Already a subscriber? Login
