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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

Of the 10 Bursa Malaysia initial public offerings to date in 2015, seven have been on the Main Market and three on the Ace Market. Except for Malakoff Corporation and Sunway Construction, most of the IPOs have not raised significant amounts.


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