Will 2023 see the return of large public listings?

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Bursa Malaysia has been starved of large listings over the last few years. The heydays of many large IPOs seem to be over.

Active market: A trading gallery of a brokerage in Kuala Lumpur. Bursa Malaysia is expecting 39 companies to launch their IPOs – most of them on the ACE Market – this year to raise proceeds of about RM3bil. — Bloomberg

But since then, the company has delayed its listing due to weak market sentiment. It is a 50:50 chance that the company will make it to the market this year. The company has been reporting some healthy growth numbers and its export-driven business model should also be attractive features along with the healthy cashflows it churns out.

 

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Do you mean will 2023 re=introduce the way to steal money from one hand and then ask other ppl to top up? Like what ppl wanted to do with 1MDB, steal money and then ask the public to buy in through IPO. TERRIBLE.

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