Malaysia records highest IPO proceeds among Asean members in Q1

KUALA LUMPUR: Malaysia led other ASEAN countries in initial public offering (IPO) proceeds during the first quarter (Q1) of 2022 as exchanges in the bloc recorded a year-on-year (y-o-y) decline of 57 per cent in total proceeds for the period, according to Ernst & Young (EY).

The consultancy firm said ASEAN’s exchanges saw a higher number of IPOs -- 29 IPOs in Q1 2022 versus 22 a year earlier -- but proceeds fell to US$1 billion (US$1=RM4.23) from US$2.4 billion previously.