Pulse launches IPO in London

Malaysia - Pulse Group has announced its IPO (initial public offering) on the PLUS markets in London, and comes at a time of high growth for the group which only launched less than three years ago in Kuala Lumpur.

A press statement revealed the IPO proceeds are to be re-invested mainly into panel growth, international expansion, and working capital. The IPO will also provide Pulse with a currency and platform for acquisitions.

"The IPO signifies an integral stage of our growth, as it allows us to accelerate all facets of our business, and unleash our full potential as a leading online panel company in the market intelligence industry. We will also have the currency to pursue inorganic growth routes," Bob Chua, CEO for Pulse, said.

Pulse will trade under its holding company Pulse Group PLC with the PGRP symbol.