Malaysian Entrepreneur Lee Thiam Wah Becomes Billionaire After Historic IPO

99 Speed Mart's listing marks Malaysia's largest IPO in seven years, boosting both Lee's fortune and the nation's market sentiment.

Lee Thiam Wah founded 99 Speed Mart in 1987, starting from a roadside snack stall.
The company now operates over 2,600 convenience stores across Malaysia.
99 Speed Mart's IPO raised $531 million, with shares surging up to 16% on debut.
The IPO increased Lee's net worth to approximately $3.3 billion.
The funds will be used to expand the store network to 3,000 outlets within three years.