Mr D.I.Y. explores RM2.1bil IPO

KUALA LUMPUR: (Bloomberg) -- Mr. D.I.Y., Malaysia’s biggest home improvement retailer, is exploring an initial public offering that could raise about RM2.1bil (US$500mil), people with knowledge of the matter said.

The company has been interviewing potential underwriters as it considers a listing in Kuala Lumpur, according to the people. Mr. D.I.Y. is targeting a market value of about RM10bil (US$2.4bil), the people said, asking not to be identified because the information is private.