U Mobile is now reportedly planning for a public listing or IPO by the first half of 2025. U Mobile is expected to start the IPO filing application around the end of this month or in August.
Through a future public listing on the stock exchange, U Mobile is targeted to raise funds of around RM2.3 billion, which will help the company continue to expand its services and products. This listing is also expected to value the U Mobile company at around RM10 billion.
If all goes well, U Mobile's listing is expected to be one of the largest listings in eight years.
U Mobile was previously established in 2006, and has millions of users who use the telecommunications service. Recently, there were also rumors stating that Maxis had considered taking over U Mobile, but the matter did not seem to proceed.