KUALA LUMPUR: Private equity firm Creador is weighing on listing platform options for its 80% owned CTOS Holdings Sdn Bhd.

Creador’s founder and CEO Brahmal Vasudevan told The Edge: “Yes we have hired bankers and we are considering listing CTOS on Bursa or Nasdaq… It is still early days. We will have to look at the valuations and when is the right time to list”.

“Our first preference on listing is always Malaysia as this will be an exciting fintech addition to our exchange,” he added.

He was commenting when asked on the recent news on the listing of CTOS.

Bloomberg, citing sources, reported that CTOS is considering an IPO exercise that could raise about US$150 million and the listing may happen as early as the second quarter of next year.

To a question on what valuation Creador is looking at for CTOS, Brahmal again reiterated that “it is still early days” and they will “wait to see what the bankers propose”.  

A quick check on a UK listed credit score company -- Experian PLC -- shows that the stock is trading at a PE of 49 times.

CTOS is a credit reporting agency that provides credit data and information online.

The company provides services that include e-KYC, fraud monitoring and consumer credit score.

It also has a complete portfolio of credit risk management solutions and services. Its clients include the general public as well as banks, insurance, legal firms, SMEs and telco companies.

According to publicly available information, CTOS made a revenue of RM110 million and net profit of RM30 million for FY2018.