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Headline : Thai food delivery app Line Man Wongnai weighs IPO in Thailand, US in 2025

Read more from the original article on here at techcrunch.com.





Tags : #thai #food #delivery #app #line #man #wongnai #weighs #ipo #thailand #us #2025



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Line Man Wongnai, an on-demand food delivery service in Thailand, is considering an initial public offering on a Thai exchange or the U.S. in 2025, the companyโ€™s CEO and co-founder, Yod Chinsupakul, said in an exclusive interview with TechCrunch.

Line Man Wongnai has yet to finalize where it will launch the IPO, but a dual listing in Thailand and the U.S. is not off the cards, Chinsupakul said.

The company is backed by Singaporeโ€™s sovereign wealth fund, GIC; Z Holdings, a joint venture formed by SoftBank and South Korean internet firm Naver; and BRV Asia, among others. It has raised more than $372 million in total and has a valuation of more than $1 billion.

โ€œWe are focused on continued business execution and restructuring as key priorities ahead of the potential IPO, and we will continue to assess our capital structure and financing needs, including various fundraising options,โ€ Chinsupakul said.

Read more from the original article on here at techcrunch.com.


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