Zus coffee may come to msia for IPO

AI finding about this company===>ZUS Coffee, a Malaysian coffee chain, has been growing rapidly since its inception in 2019. Despite the challenges posed by the COVID-19 pandemic, the company has managed to expand significantly, boasting over 478 outlets across Malaysia. This impressive growth can be attributed to their strategic marketing efforts and community engagement, such as providing free coffee to frontliners during the pandemic, which helped build a strong brand presence.

Financially, ZUS Coffee has seen considerable success. The company reported selling over 39 million cups of coffee by 2023 and created more than 2,000 jobs. This success has attracted significant investments, including a 35% stake purchased by Filipino billionaire Frank Lao, facilitating their expansion plans into the Philippines【10†source】【11†source】.

ZUS Coffee's financial performance and robust growth trajectory have positioned them well for an IPO, with recent news indicating that they have secured RM250 million from Singapore private equity fund KV Asia. They are currently evaluating an IPO on the Malaysian stock exchange, with a valuation target of RM1 to RM1.5 billion【9†source】.

For further details, you can explore more about ZUS Coffee's growth and financial strategies on sources such as WargaBiz and Asian Business Review【9†source】【10†source】.