Malaysia’s largest coffee chain Zus Coffee reportedly mulls $245M IPO
ZUS Coffee, the largest coffee chain in Malaysia, is said to be weighing an initial public offering of its Malaysia business that could raise at least RM1 billion (US$245 million).
Malaysia's largest coffee chain, Zus Coffee, is reportedly considering a potential Initial Public Offering (IPO) with a value of RM4 billion, according to Bloomberg. The company, known as Zuspresso, is currently in talks with financial advisers to facilitate the offering, which could take place as early as mid-2027. The IPO size and timing are subject to change as negotiations are ongoing.
Founded as a kiosk in 2019, ZUS Coffee quickly expanded to become the largest coffee chain in Malaysia by store count by 2024, surpassing Starbucks in this regard. The company targeted the mid-priced segment, which was relatively underserved when it launched, and has differentiated itself through its tech-driven business model. This includes an app that enables customers to place orders in advance and pick them up at stores, while providing the company with valuable insights into customer preferences for data-driven product development.
ZUS Coffee operates over 1,000 stores worldwide, the majority of which are located in Malaysia. The company has also expanded into other markets such as Singapore, Brunei, the Philippines, Thailand, and Indonesia. Earlier this year, ZUS Coffee announced its goal to grow its network to 1,300 outlets by the end of 2026, including the addition of 200 new stores in Malaysia, as reported by Global Coffee Report.
Written by urgent.news from VnExpress Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
