Bursa Malaysia expects strong IPO momentum

“Our lead stream is strong, we have pent-up availability, the market support for IPOs this year has been very good,” Bursa Malaysia Bhd chief executive officer Datuk Muhamad Umar Swift said in a Bloomberg TV interview.

KUALA LUMPUR: The pipeline for Malaysia’s initial public offerings (IPOs) is likely to remain strong for the rest of the year as excess cash buoys demand, according to the chief of the stock exchange operator.

“Our lead stream is strong, we have pent-up availability, the market support for IPOs this year has been very good,” Bursa Malaysia Bhd chief executive officer Datuk Muhamad Umar Swift said in a Bloomberg TV interview.