No major delays in companies’ IPO plans

TheStar Thu, Jul 28, 2022 09:00am - 1 year View Original


Like most of its emerging-market peers, Malaysia has been suffering from a persistent sell-off in its equity market since the Fed made its third interest rate hike in June this year, raising it by 75 basis points – the most aggressive hike since 1994.

KUALA LUMPUR: Bursa Malaysia Bhd does not foresee delays in companies’ listing plans in 2022 despite a risk-off environment sparked by a hawkish US Federal Reserve (Fed) and external headwinds like the Ukraine-Russia war.

Instead, it anticipated the local bourse to see 37 initial public offerings (IPOs) in 2022 against 30 in 2021, primarily driven by a higher number of listings on the ACE Market following the reopening of the economy.

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