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IPO market sees resurgence

Mimi Sabreena 8:13:00 AM Informasi

KUALA LUMPUR: Malaysia’s initial public offering (IPO) market is off to a good start in 2017, with 10 companies going public in the first half, compared with 12 for the whole of last year. Companies across all business sectors are returning to Bursa Malaysia, thanks to a recovery in oil prices and an improving economy.

The 10 listings in the first half of the year raised RM717.82 million in total, accounting for 71% of the RM1.09 billion raised in 2016.

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