Bursa Malaysia targets 39 IPO listings in 2023 with RM10bil market capitalisation

Bursa Malaysia chairman Tan Sri Abdul Wahid Omar

KUALA LUMPUR: Bursa Malaysia Bhd has targeted for 39 companies to launch their initial public offerings (IPOs) with RM10 billion IPO market capitalisation in 2023 compared with 35 listings with RM11.5 billion market capitalisation on the exchange last year.

Bursa Malaysia chairman Tan Sri Abdul Wahid Omar said this would allow growing small and medium-sized companies to enter the market, especially the ACE Market, and come up with primary offerings to raise capital for business expansion.