Malaysia leads South-East Asia IPO performance in first half of year
The firm said in a recent report that Malaysia recorded approximately 48 per cent year-on-year increase in the number of listings to 32, with the IPO amount raised increasing by approximately 109 per cent to US$940 million, along with a corresponding uptick in total IPO market capitalization by approximately 165 per cent to US$4.04 billion.
"The IPO outlook in Malaysia remains optimistic for the remainder of 2025, with 32 listings recorded as of 30 June 2025, putting Bursa Malaysia on track toward its full year target of 60 listings," said Deloitte Malaysia Transactions Accounting Support Partner Wong Kar Choon.
However, he noted the recent U.S. trade tariffs and geopolitical tension have introduced uncertainty, and he foresees that there could be an impact on the IPO market.
According to him, this situation may lead to cautious investor sentiments as investors may adopt a more cautious approach and favor less risky assets during this uncertain period.
Additionally, he opined that companies may delay their IPO plans, especially for export-driven companies that is affected by supply chain disruptions and cost pressures.
He also anticipates that the consumer industry with well-established brand names will continue to be the cornerstone of Malaysia's economic landscape and is poised to leverage its strong market presence to tap into the IPO capital market opportunities.
Overall, the South-East Asia IPO capital market remained resilient in the first half of 2025.
It saw 53 IPOs, with over US$1.4 billion in IPO proceeds raised and an IPO market capitalisation of US$7.7 billion as compared to the first half of 2024, which saw 67 IPOs, just under US$1.4 billion in IPO proceeds and IPO market capitalisation of US$5.8 billion.
This represents a 3 per cent increase in IPO amount raised and an increase of 33 per cent in IPO market capitalization, despite a 21 per cent decrease in the number of IPOs across Southeast Asia, compared to the first half of 2024. - Xinhua
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