MyRepublic Singapore confirms USD60m investment; plans Hong Kong IPO

7 Jun 2018

Internet service provider and MVNO MyRepublic, which last month secured a deal with Singaporean mobile network operator (MNO) StarHub to offer virtual mobile services, has confirmed that it has received USD60 million in fresh investment to expand its reach in the region. Further, the company – backed by Sunshine Network and French telecoms billionaire Xavier Niel – said it wants to hold an initial public offering (IPO) in Hong Kong in around two years’ time. A press release confirmed that several investors took part in its latest funding round, including asset management group CLSA Capital Partners and Singapore-based Kamet Capital Partners, while the USD60 million injection should give MyRepublic a reasonable shot at achieving its IPO deadline target, it said. The company intends to go public on the Hong Kong stock exchange. ‘This investment is a milestone along our path to a public listing and it is the advice and guidance provided by CLSA Capital Partners that has led us to this point,’ said MyRepublic CEO Malcolm Rodrigues.

Singapore, MyRepublic (Singapore)