Bigger IPOs in 2017

Karim: The listing of Serba Dinamik is timely, as we expect the O&G sector to be better by next year on the back of the recent Opec

THE impending listing of Serba Dinamik Holdings Bhd, an engineering solutions provider in the oil and gas (O&G) and power sectors, will likely pave the way for a bigger initial public offering (IPO) market in 2017, more so if Eco World International Bhd (EWI) joins the fray.

This year, less than RM1bil was raised from the 11 IPOs on Bursa Malaysia, the lowest figure since the global financial crisis in 2008-2009. The figure is a far cry from the RM4.7bil and RM4.1bil raised in 2015 and 2014, respectively.