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IPO target out of reach with tepid Malaysian market

Prospective offerors put off plans to list, deeming investor appetite too weak and market sentiment too negative

Published Wed, Oct 28, 2015 · 09:50 PM

Singapore

IN an unusually poor year for initial public offerings, funds raised via public share sales on Bursa Malaysia are set to fall far short of the RM13 billion (S$4.2 billion) target - or even the RM5.9 billion raised last year - as prospective offerors gauge market appetite to be too weak.

With only two months to the year left, the total raised is likely to be only about a third of the targ…