KinderWorld may attempt second IPO

Goola Warden Published on Tue, Oct 27, 2020 / 4:09 PM GMT+8

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KinderWorld International Group (KinderWorld) may attempt an IPO for the second time by year end. The first attempt back in 1H2019 was aborted after it felt the market timing wasn’t right. Not to be confused with local preschool operator Kinderland, KinderWorld comprises more than just kindergarten and enrichment classes for toddlers and kids.

Founder and chairman of KinderWorld Ricky Tan owns groups of companies including Pegasus International College, KinderWorld International Kindergarten, and Singapore International School.

For one, KinderWorld’s schools are based mainly in Vietnam and encompasses the entire 12 years formal education for children, also known as K-12. “We are not just a K-12 business, we run schools from kindergarten to high school, and then after high school, we specialise in tourism and hospitality. Outward Bound Vietnam Social Enterprise Limited [part of a group of companies founded by Tan] also owns the licence for Outward Bound in Vietnam,” says Tan, “We provide the poly route and offer [the equivalent] of GCE O-levels at a lower price,” he adds.