No Immediate Plans for TNG Digital IPO – CIMB
Summary by New Strait Times
6 Articles
6 Articles
TNG Digital in no rush to go public, says CIMB
Touch 'n Go Digital Sdn Bhd (TNG Digital) has qualified as Malaysia's next unicorn, with CIMB Group confirming the homegrown eWallet operator has crossed the US$1bil valuation mark and turned profitable – but says there is "no rush" to go public.
·Malaysia
Read Full ArticleTNG Digital Emerges as Malaysia’s First Fintech Unicorn, Mulls IPO Plans - Fintech News Malaysia
TNG Digital, the company behind Malaysia’s widely used TNG eWallet app, has crossed a US$1 billion valuation, making it the country’s newest fintech unicorn. The milestone was confirmed by shareholder CIMB Group Holdings, according to Bloomberg. Gurdip Singh Sidhu, Country Head of CIMB Bank Malaysia, said the company meets the benchmark for unicorn status and that an initial public offering is being considered. However, he added that there is no…
Coverage Details
Total News Sources6
Leaning Left1Leaning Right1Center1Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
L 33%
C 33%
R 33%
Factuality
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