Dearth of IPOs coming to an end soon

Malakoff’s Tanjung Bin power plant in Johor. It will be the second company to be listed on Bursa so far this year.

PETALING JAYA: The long dry spell of initial public offerings (IPOs) on Bursa Malaysia is about to end with the listing of independent power producer (IPP) Malakoff Corp Bhd this week.

Come Friday, Malakoff will be the second company to come onboard of Bursa so far this year. The RM2.74bil stock sale attracted strong bids by institutional investors with an oversubscription rate of 13 times.