Will 2023 see the return of large public listings?

TheStar Sat, Jan 07, 2023 07:11am - 2 months View Original

Active market: A trading gallery of a brokerage in Kuala Lumpur. Bursa Malaysia is expecting 39 companies to launch their IPOs – most of them on the ACE Market – this year to raise proceeds of about RM3bil. — Bloomberg

BURSA Malaysia has been starved of large listings over the last few years. The heydays of many large initial public offerings (IPOs) seem to be over.

This year, the only likely large listing candidate seems to be DXN Holdings Bhd, which is involved in the sales of health and wellness consumer products. It filed its draft prospectus with the Securities Commission in June.

But since then, the company has delayed its listing due to weak market sentiment. It is a 50:50 chance that the company will make it to the market this year.


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