ZUS Coffee is reportedly exploring an initial public offering (IPO) for its Malaysia business, with the aim of raising at least RM1 billion (about $245 million), according to people familiar with the matter. Bloomberg reports the fundraising target is at least $245 million, while Free Malaysia Today cites the same figure in ringgit terms.
Both outlets say the company is working with financial advisers as it assesses the potential transaction. Free Malaysia Today adds that the business could be valued at around RM4 billion as part of the IPO process, citing reporting about the owner Zuspresso’s planning. Bloomberg characterizes the information as preliminary and based on people with knowledge, without confirming valuation or timing details.
No official confirmation, filing details, or timetable are included in the reports. The outlets present the IPO discussion as exploratory, with advisers and potential valuation benchmarks mentioned only in connection with the review process.
