Singapore's GIC-backed Thai startup is considering listing in Hong Kong or New York.

Thai technology startup Line Man Wongnai, supported by Singapore's GIC, is considering conducting its initial public offering overseas. On February 6th, CEO Yod Chinsupakul stated that the company, which operates food delivery, ride-hailing, and electronic payment services, is exploring the possibility of listing in Hong Kong and New York after delaying its listing plans in Thailand. "From economic weakness to political turmoil, unfavorable macroeconomic conditions have reduced the attractiveness of a domestic listing. Listing in countries with more active stock markets and frequent trading is in the best interest of our shareholders," Yod said, adding that the company expects to make a final decision before the end of June.