Malaysia 2nd most active IPO market in Asean in 2020

EY said in a statement that despite a challenging 2020, activity in Asia-Pacific surpassed that of 2019, increasing 20% (822) by volume and 45% (US$136.2bil) by proceeds in 2020.

PETALING JAYA: Initial public offerings (IPOs) in Asia-Pacific markets remained stronger in 2020, with industrial leading the sectors followed by technology and materials, while among the Asean countries, Malaysia was the second-most active, according to EY.

It said in a statement that despite a challenging 2020, activity in Asia-Pacific surpassed that of 2019, increasing 20% (822) by volume and 45% (US$136.2bil) by proceeds in 2020.