Leong Guan, a Singapore-based noodlemaker founded more than 20 years ago, has completed its initial public offering (IPO) listing process roughly three years after deciding to go public [1, 2].
The company began considering a public listing in 2022. After about three months of deliberation, the decision to list was finalized [1, 2]. Lim Tze Chiang, a company representative, stated, "The decision to list took about three months. But the listing process itself took roughly three years" [2].
Leong Guan took longer than initially expected to complete the process. One key challenge was locating relevant historical documentation, as incomplete records from the company’s founding more than two decades ago delayed preparations [1, 2].
Now publicly listed, Leong Guan plans to pursue new acquisitions and expand into export markets to grow its business beyond Singapore [1, 2].
The IPO marks a significant milestone for the local brand, which has long been recognised in Singapore’s food industry. Its next steps will include integrating acquired companies and entering new overseas markets as part of its growth strategy [1, 2].
