The Asian payments firm that acquired Friendster is now bidding to go public in the US
Jul15
Payments company MOL Global is the latest Asian tech company to seek a US public listing, after it filed for an initial public offering that could raise as much as $300 million, Reuters reports. The Malaysia-based company is perhaps best known for acquiring once-popular social network Friendster, but its technology enables payments for a range of online sites and companies across Southeast Asia. The company’s annual revenues jumped 79 percent to $54 million in 2013, while profits tripled to reach $5.8 million. China’s Alibaba is set to go public on the New York stock exchange later this year in a listing that…
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