AFTER a slowdown in 2020 because of the Covid-19 pandemic, the initial public offering (IPO) market in Malaysia recovered to pre-pandemic levels, registering 30 new listings this year from 19 last year. Bursa Malaysia statistics show that the number of IPOs was 58% more than in 2020, with total funds raised through fresh issuance of shares and offer-for-sale of equity shares by existing shareholders increasing by 30% to RM2.59 billion from RM2 billion last year.
South-East Asia's initial public offering (IPO) proceeds, as of mid-November, have continued to grow even as the region is still battling the Covid-19 pandemic, with US$9.8 billion (US$1=RM4.21) in funds raised from 121 IPOs, outperforming the full calendar year 2020.
KUALA LUMPUR: South-East Asia’s initial public offering (IPO) proceeds, as of mid-November, have continued to grow even as the region is still battling the Covid-19 pandemic, with US$9.8bil (RM41.42bil) in funds raised from 121 IPOs, outperforming the full calendar year 2020.
Deloitte said on Thursday the number of initial public offerings on Bursa Malaysia has returned to pre-Covid-19 levels, driven by cornerstone investors and abundance of uninvested capital and that it is optimistic more companies will be listed in 2022 on Bursa as the country's economy recovers from the pandemic's impact.