Singapore Tycoon Aborts Hong Kong IPO Plan on Market Turmoil
- V3 Group didn’t extend its IPO application that lapsed in June
- Sim to wait for a market recovery before pursuing an IPO
This article is for subscribers only.
Singapore entrepreneur and tycoon Ron Sim has “aborted” plans to list V3 Group Ltd. in Hong Kong amid intense volatility and weakness in the global stock market.
Sim, who created Asia’s largest maker of massage chairs, has shelved plans for an initial public offering after letting the application lapse at the end of June, he said by phone.