sharafmaksumov | Bigstock.com Company has said it is planning an IPO for subsidiary Masan MEATLife Vietnam company Masan Group is looking to raise up to $1 billion for its animal feed unit, according to a Bloomberg report. The company is reportedly looking for options for the unit, including a strategic sale. Masan Group has said it is planning an initial public offering (IPO) for subsidiary Masan MEATLife in 2022-23. The company hopes to achieve a 10% market share of the local $10.2 billion meat market and earn $2 billion in revenue by 2022. In 2020, Masan MEATLife reported $696 million in revenue, an increase of 17% from the previous year.