Malaysia’s largest fintech TNG Digital becomes unicorn, mulls IPO, says shareholder CIMB

TNG Digital Sdn, Malaysia’s largest fintech company, has reached unicorn status and will weigh an initial public offering, according to shareholder CIMB Group Holdings.

“We are very confident that TNG is already qualified as a unicorn,” Gurdip Singh Sidhu, country head of Malaysia, CIMB Bank, told reporters on Tuesday. “The question of IPO is something we will assess, but it’s not something we are rushing into.”