Malaysian convenience store operator KK Mart is preparing for an initial public offering that could value the company at approximately $750 million, according to sources familiar with the matter.

The company, one of Malaysia's largest convenience store chain operators, plans to begin meeting with select cornerstone investors next month as part of the IPO preparation process.

Cornerstone investors typically commit to purchasing a significant portion of shares in an IPO before the public offering launches, providing stability and confidence to other potential investors.

The planned offering represents a significant milestone for KK Mart as it seeks to capitalize on Malaysia's growing retail market and expand its operations through public funding.

Details about the timeline for the public offering and the specific amount of capital the company aims to raise have not been disclosed. The company has not publicly commented on the IPO plans.