CIMB sees M'sian IPOs of over RM10b in H1

Kuala Lumpur

LARGE initial public offerings (IPOs) in Malaysia could raise more than RM10 billion (S$3.3 billion) in the first half of the year, an official from CIMB Group Holdings Bhd said on Thursday.

Malaysia's IPO market saw a revival in 2017 after poor investment conditions, weak oil prices and a volatile ringgit cast a shadow over equity markets in recent years. Lotte Chemical Titan Holding Bhd raised over US$850 million in Malaysia's biggest IPO in five years in July.