Big Caring Group Bhd, Malaysia's biggest pharmacy chain, is seeking to raise up to RM3 billion (about $750 million) through an initial public offering by October 2026 [1, 2, 3, 4]. The company operates 626 outlets in Malaysia under brands including Big Pharmacy and Caring Pharmacy [2, 3, 4].
Private equity firm Creador Sdn Bhd, which holds roughly 34% of Big Caring, plans to sell up to 14.8% of its shares in the IPO. The offering will comprise as much as 25.5% of Big Caring’s enlarged share capital [2, 3, 4].
Founded by Lee Meng Chuan and Lim Sin Yin, the group intends to use part of the IPO proceeds to reduce existing debt [2, 4]. It aims to continue expanding aggressively, opening 40 to 50 new retail outlets annually over the next three to five years [2, 3, 4].
Big Caring’s planned IPO would be among Malaysia’s largest in the last decade. So far in 2026, Malaysian IPOs have raised about RM5.6 billion, led by Sunway Healthcare Holdings Bhd which raised RM3.3 billion in March through its offering [1, 2, 3, 4].
Creador first invested in Big Caring in 2015 [2, 3, 4]. The company’s IPO target date is set for October 2026 [1, 2, 3, 4].
