“Rather than focusing on an IPO, with us just waiting for the right time, [we will] just focus on the fundamentals of the business,” North Star Chief Executive Officer Anthony Ng said in a recent interview with“So, rather, we would focus on improving right now the business itself, growing the business with the support of partners and banks, [since] the opportunity is there,” he added.
“If I had a magic genie, of course, we would like [the IPO] to be 2023, early 2024, but we cannot go against the situation. It’s global, it’s not even domestic,” he said. Mr. Ng also said that prices are increasing abroad and that there is a “supply crunch” locally, prompting North Star to stock up.
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