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MyRepublic considers Hong Kong listing as early as December 2019

Bloomberg Published on Wed, Jun 06, 2018 / 8:02 AM GMT+8

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SINGAPORE (June 6): Singapore-based Internet provider MyRepublic Group is weighing an initial public offering in Hong Kong as early as December 2019 to fund expansion of its cloud-based broadband and mobile platform.

The company has raised US$150 million ($200 million) in capital, including a US$60 million injection from Singapore family office Kamet Capital Partners and CLSA’s asset management arm, according to Chief Executive Officer Malcolm Rodrigues. MyRepublic may add to that total in its latest round of private funding, he said.

MyRepublic last month announced a tie-up with StarHub to launch mobile services in the city-state after an unsuccessful bid in 2016 for Singapore’s fourth mobile operator license. The company is considering a Hong Kong listing as more local companies -- including Razer Inc. -- seek opportunities in the city.