Malaysia IPO market still strong, Southeast Asia stable - Deloitte

KUALA LUMPUR: The Malaysian initial public offering (IPO) market has emerged from the COVID-19 pandemic with a 102 per cent increase in the proceeds raised at US$681 million compared to 2021, driven by investors’ demand for good business fundamental companies, said professional services firm Deloitte.

The global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and legal company also said that the number of ACE listings doubled from 11 in 2021 to 22 this year.