Thai Tech Unicorn LINE MAN Wongnai Considers Hong Kong or New York IPO

LINE MAN Wongnai (LMWN), a Thai technology unicorn backed by Singapore's sovereign fund GIC, is evaluating the possibility of an initial public offering (IPO) in Hong Kong or New York. According to Ming Pao, the company aims to attract stronger investment demand and achieve a higher valuation. A final decision is expected by the end of June this year. Market analysts suggest that the liquidity of the Hong Kong stock market and its connectivity mechanisms could be advantageous for ASEAN companies considering a listing in Hong Kong.