PappaRich Malaysia Sdn., a food chain selling local cuisine from nasi lemak to curry laksa noodles, is considering a Singapore initial public offering to fund expansion, people with knowledge of the matter said.
The company, which opened its first restaurant in Malaysia in 2006, is targeting to achieve a valuation of at least S$200 million ($140 million) in the share sale, according to the people. It aims to conduct the offering as soon as this year, one of the people said.
PappaRich, which has about 100 outlets globally, has expanded overseas in the past three years by adding locations in the U.S., South Korea, Taiwan and New Zealand, according to its website. More than 1 million customers…