Owner of Bali’s Biggest Beach Club Eyes IPO to Expand in Asia
- Indonesia’s Holywings Group considers public listing next year
- Company plans to open bars in Bangkok, Seoul, Kuala Lumpur
Altas Super Club
Source: Holywings Group
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Holywings Group, the owner of the luxurious three-hectare Atlas Beach Club in Bali, is considering an initial public offering next year to help expand its entertainment empire across Asia.
The Indonesian company wants to bring the same establishment to Bangkok in 2025, according to cofounder Ivan Tanjaya. With a capacity of 1,000 people, it would be one of Thailand’s biggest nightclubs, he said in an interview last week.