Malaysian online payment provider MOL Global files for a $300 million US IPO

MOL Global, a Malaysian provider of an online payment system mainly used for game credits, filed on Monday with the SEC to raise up to $300 million in an initial public offering. The Kuala Lumpur, Malaysia-based company, which was founded in 2000 and booked $56 million in sales for the 12 months ended March 31, 2014, plans to list on the NASDAQ but has not selected a ticker. MOL Global initially filed confidentially on April 17, 2014. Citi, Credit Suisse, Deutsche Bank and UBS Investment Bank are the joint bookrunners on the deal. No pricing terms were disclosed.