Malaysian IPOs raised US$1.5b capital so far this year, highest in Southeast Asia
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Malaysian IPOs raised US$1.5 billion in 2024, the highest in 18 years; this accounts for over 50% of the US$3 billion raised in Southeast Asia; the region saw 122 IPOs, a decline from 163 in 2023; high interest rates, currency fluctuations, and geopolitical tensions affected investor confidence; Malaysia recorded 46 IPOs in the first 10.5 months of 2024; 99 Speed Mart Retail Holdings Bhd had the largest IPO at US$574 million; IPO market capitalisation reached US$6.6 billion; Deloitte's Wong Kar Choon predicts over 30 IPOs in 2025; the ACE Market saw 34 listings, the highest since 2009.
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https://www.nst.com.my/business/economy/2024/11/1136622/malaysian-ipos-raised-us15b-capital-so-far-year-highest-southeast
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