Malaysia’s IAQ Group Is Said to Consider 1 Billion Ringgit IPO

IAQ Group is considering an initial public offering in Kuala Lumpur to raise about 1 billion ringgit ($253 million), according to people with knowledge of the matter.

The Malaysian company, which provides design and maintenance services for facilities such as power plants and data centers, is working with financial advisers on the potential offering, the people said, asking not to be identified because the process is private.