KUALA LUMPUR: Malaysia emerged at the top of the leaderboard for Southeast Asia's initial public offering (IPO) capital market with 66 per cent or US$940 million (US$1=RM4.24) raised across Southeast Asia during the first half of 2025 (1H 2025), according to the Deloitte Mid-Year IPO Snapshot 2025 report.
The report highlighted that Malaysia's IPO capital market continued its impressive momentum from last year, leading the Southeast Asia bourses in all three key metrics: total IPO funds raised, market capitalisation and number of IPOs.
In a statement today, Deloitte said household brand Eco-Shop Marketing Bhd
led the IPO amount raised by Malaysia at US$230 million, and its share price rose six per cent on its first day on the Main Market of Bursa Malaysia.
"With 32 IPOs in the 1H 2025, Malaysia has six top-10 listings in the region in 2025. It has the largest IPO listing in Southeast Asia thus far - a dollar store chain that raised US$230 million.
"Malaysia recorded approximately 48 per cent increase in the number of listings, with IPO amount raised increasing by approximately 109 per cent, along with a corresponding uptick in total IPO market capitalisation by approximately 165 per cent," it said.
According to the Deloitte report, the Southeast Asia capital market recorded 53 IPOs in 1H 2025, raising over US$1.4 billion in IPO proceeds and achieving US$7.7 billion in IPO market capitalisation.
"This compares to 67 IPOs in 1H 2024, which raised under US$1.4 billion with over US$5.8 billion in market capitalisation," it said.
Deloitte Malaysia Transactions Accounting Support partner Wong Kar Choon said the IPO outlook in Malaysia remains optimistic for the remainder of 2025, with 32 listings recorded as of June 30, 2025, putting Bursa Malaysia on track to meet its full-year target of 60 listings.
"However, the recent US trade tariffs and geopolitical tension have introduced uncertainty, and we foresee that there could be an impact on the IPO market.
"This situation may lead to cautious investor sentiments as investors may adopt a more cautious approach and favour less risky assets during these uncertain periods," he said.
Wong added that companies might delay their IPO plans, especially for export-driven companies that are affected by supply chain disruptions and cost pressures. - Bernama
