Malaysia: IPO tide rising - OBG

Malaysia: IPO tide rising

Return of confidence after Malaysia’s general election has seen a surge in companies declaring their intention to go public, with more than $2bn worth of initial public offerings (IPOs) launched or mooted for the weeks following the poll.
In the months leading up to the May 5 election, IPO activity had been sluggish, with Malaysia having dropped from fifth globally in terms of funds generated by floats last year, to fifth in its region, according to international media reports. Most firms looking to tap the markets chose to hold off until after the poll, with concerns over potential political and economic instability weighing down sentiment. Now, with Prime Minister Najib Razak’s coalition returned to power, though with a reduced majority, confidence has returned, ... Read more.

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