Malaysia to ride on South-East Asia public listing wave

Deloitte’s Wong said South-East Asia’s capital market as a whole has achieved 85 IPOs in 1H23, raising US$3.3bil (RM15bil) in proceeds, while IPO market capitalisation stood at US$20.1bil (RM138bil).

PETALING JAYA: South-East Asia’s strong growth potential continues to place regional markets, including Malaysia, as an investor favourite in the second half of 2023 (2H23), based on the number of initial public offerings (IPOs) recorded in 1H23, according to Deloitte Malaysia.

The audit and financial advisory firm said foreign direct investment (FDI) has increased due to the region reopening its doors, the restoration of tourism industry and booming domestic demand.