IPO market to pick up pace

ETIQA building

News of Etiqa going public lifts interest in upcoming flotations in second half

FRESH reports this week that Malayan Banking Bhd (Maybank) is preparing to spin off and list its insurance arm Etiqa on Bursa Malaysia has stirred some interest in the local initial public offering (IPO) market, suggesting that things may pick up in the second half of this year after a considerably quiet first half.