U Mobile plans over $500m Malaysia IPO in 2025

U Mobile plans over $500m Malaysia IPO in 2025

Petronas Twin Towers in Kuala Lumpur, Malaysia. Photo by Elliot Andrews on Unsplash

Malaysian mobile data service company U Mobile is planning a domestic initial public offering (IPO) that is expected to raise more than $500 million as early as the first half of 2025, according to two sources with direct knowledge of the matter.