Malaysian Undersea Cable Installer OMS Group Said to Explore IPO

OMS Group Sdn., a Malaysia-based company that owns vessels used to lay sub-sea cable, is exploring an initial public offering that could take place as soon as next year, according to people with knowledge of the matter.

The company has asked banks to submit proposals for the potential first-time share sale, said the people, who asked not to be identified as the process is private. It is weighing possible venues including Australia, Hong Kong, Malaysia and Singapore, they said. A listing could value OMS at more than $500 million, two of the people said.

Deliberations are at an early stage ...