Line Man Wongnai, a Thai tech start-up backed by Singapore's GIC, is considering an initial public offering (IPO) in Hong Kong or New York. On February 6, the company's CEO, Yod Chinsupakul, stated that due to Thailand's weak economy and political turmoil, the appeal of a domestic listing has diminished. As a result, the company has postponed its Thai IPO plans and is instead exploring the possibility of listing in Hong Kong and New York, with a final decision expected by the end of June. Line Man Wongnai operates food delivery, ride-hailing, and electronic payment services.
