Bursa Malaysia sees IPO boom as investor demand soars and share prices surge
Strong showing of new listings is attracting more interest among investors, including institutional funds
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[KUALA LUMPUR] Bursa Malaysia is riding high on growing economic optimism, sectoral momentum and a streamlined approval process, fuelling an initial public offering (IPO) bonanza amid a trading surge on the local stock exchange.
The strong showing of new listings on Bursa is attracting more interest among investors, including institutional funds.
They’re “selling like hotcakes” - is how Ng Zhu Hann, chief executive officer of boutique fund manager Tradeview Capital, described the demand for IPOs. He noted that even institutional investors are receiving smaller allocations than in previous years due to the heightened interest.
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