"Baby Story", a photo processing app that specializes in the growth of a baby such as age and weight

Internet provider's startup MyRepublic is planning to open stock by the end of 2018.At a media event in Singapore today (July 6), he revealed by Malcolm Rodrigues.

The listed market is undecided.The company is considering the Singapore Stock Exchange (SGX) because it is located in Singapore, but has not excluded any other possibilities such as Hong Kong or Australia.When her CFO's Lavinia Koh tells the reporters, it will determine the factors such as valuations, liquidity, and investors.The company did not state the amount expected in the IPO.

MyRepublic is planning to expand into seven Southeast Asian market in Southeast Asia.Specifically, Malaysia, Thailand, Vietnam, Cambodia, Philippines, Myanmar and Sri Lanka.

We are currently running a funding process.The company has a "rumor" that the majority of the Singapore telephone company M1 is moving, and Rodrigues points out that this is complicated.The "rumor" of his M1 acquisition is what Bloomberg reported at the end of May.

The negative material of this rumor is that MyRepublic is a company on the Internet platform and not a telephone company.Rodrigues said in the past that MyRepublic was interested in the acquisition, but changed his policy because it did not fit the current mission.The company's mission is to become an online company that provides services in the real world without physical infrastructure.

The company expects to raise the US $ 73 million, which will enable IPOs.Rodrigues said to the media that he would raise funds in a 397 million dollar valuation.Most of the raised funds are thrown to lay fiber lines in Indonesia and acquire customers.According to the CEO, he has gained 17,000 new customers a month, including the company's total in multiple markets.

The company has also announced that it will enter a mobile phone service as a virtual mobile telecommunications carrier (MVNO) in Singapore.Purchase bandwidth from three Singapore telecommunications companies (Singtel, Starhub, M1).After Circles.life, which uses the M1 line, he is his second MVNO business in Singapore.The service will start in October.MyRepublic has already signed a contract with one of them, but cannot disclose the content of the partner company.In 2018, it will expand to other markets developed by the company.

Rodrigues is compared to Uber in the transport industry and Airbnb in the transport industry and Airbnb in the hospitality industry.

MyRepublic is a lean operation that focuses on online infrastructure, so low cost and quick development have been realized.

We were able to expand from Singapore to New Zealand within the 60th.(Rodrigues)

This also means that the company will be operated by a smaller team than before.As an example, the company has only 40 Australian employees.

From these features, Rodrigues can start with only 2 % share when entering a new market.The goal is 5 % share in all markets, but only the Singapore market has achieved it at present.

Rodrigues states that the laying of its own infrastructure in Indonesia is slightly out of such a normal plan.The market has a unique need, and it was necessary to take this kind of response.

Currently, it offers services in Singapore, Indonesia, Australia and New Zealand.According to the company, cash flow has been positive in Singapore since mid -2016, and his EBITDA in Indonesia was positive as of May 2017.By the end of 2018, all markets are expected to make his EBITDA a plus.

It has announced that the annual revenue run is $ 79.6 million.

Last year, MyRepublic was a fourth in Singapore telecommunications company, but lost to Australian companies, TPG Telecom.

[Via Tech in Asia] @Techinasia

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