​​​​​​​Investor Confidence Drives Bursa IPOs Amid Global Volatility

KUALA LUMPUR, July 22 (Bernama) -- Interest from mid and large-cap companies to list on Bursa Malaysia remains robust, with sustained initial public offering (IPO) momentum reflecting investor confidence despite volatility from US tariff measures.

Bursa Malaysia chief executive officer Datuk Fad’l Mohamed said the exchange has recorded 37 IPOs so far this year and remains on track to meet its year-end target of 60 listings.

“We continue to be a strong fundraising platform, with investors showing sustained interest and participation in our IPOs.

“But of course, the pricing and sizing of the issuances will need to be considered,” he told reporters after a Memorandum of Collaboration signing between Bursa Carbon Exchange (BCX) and UEM Lestra Bhd.

So far, the Main Market has recorded six listings, the ACE Market 28, and the LEAP Market three.

Meanwhile, port operator MMC Port Holdings has filed for a listing and is expected to undertake Malaysia’s largest IPO in 13 years. Media reports suggest the offering could raise more than RM6 billion.

Bursa Malaysia saw 55 company listings last year, a 72 per cent increase from the previous year — the highest in 19 years.

According to the exchange, the 55 IPOs in 2024 collectively raised RM7.42 billion, up 107 per cent from the previous year.

-- BERNAMA