Masan Group Corporation (HOSE:MSN) said on December 13, 2021 that it was considering launching an international initial public offering for its consumer retail unit CrownX Joint Stock Company (The CrownX) in 2023-2024 after raising a further $350 million from a consortium of investors. The consortium of investors comprised private equity firm TPG, Platinum Orchid, a wholly owned subsidiary of the Abu Dhabi Investment Authority, and Temasek-owned SeaTown Master Fund, Masan said in a statement. "The transaction marks the end of our capital raising activities at The CrownX as we shift our entire focus to scale up our Point of Life platform nationwide both off and online," said Danny Le, Chief Executive Officer of the Masan Group. The CrownX was considering strengthening its consumer wallet services and digitising its entire platform to become a consumer tech company ahead of its IPO, said Le.