Hostel and language school operator Myanmar Strategic Holdings Limited (LON:SHWE) is to float in London through a standard listing later this week.
An operator of three hostels and an English learning centre in Myanmar, MSH will raise US$4.2mln for further expansion. At the list price of US$10, the company will have a market value of US$22.7mln.
Founded by former Goldman Sachs employee Enrico Cesseni in 2013, the aim is to open up to ten hostels to fill a gap he sees in the market in the former Burma for quality budget accommodation.
In language schools, Myanmar Strategic has a franchise agreement with Wall Street English, which runs schools throughout Asia using Pearson’s online method of English tuition.
A second centre in Yangon is set to open in November and the contract allows for up to ten centres.
Cesenni said: "Myanmar represents an excellent opportunity, both for the local people and for investors. Its re-emergence after years of isolation means that it is now enjoying a rapid period of growth and development as it converges with its South East Asian neighbours.”