CIMB expects IPO market to remain flat this year

KUALA LUMPUR: CIMB Group Holdings Bhd expects the initial public offering (IPO) market to be flat this year following the soft economic environment and the lack of fresh leads.

Group chief executive, Tengku Datuk Zafrul Tengku Abdul Aziz, said the group, however, would continue to monitor the progress of the capital market throughout the year and maintain its cautious outlook.