Malaysian Pharmaceutical Chain Big Caring Is Said to Explore IPO

Big Caring Group Sdn. is considering an initial public offering in Kuala Lumpur next year, according to people familiar with the matter.

The pharmaceutical chain, in which buyout firm Creador Sdn. holds a 35% stake, may seek a valuation of as much as 20 billion ringgit (4.8 billion) in the IPO, the people said, asking not to be identified because the information is private. At that size, it could raise as much as 6 billion ringgit, they said, making it one of Malaysia’s biggest listings in years.