GONE are the days when investors on Bursa Malaysia are spoilt for choice when it comes to large listings.
In recent years, delistings are outnumbering new entries on the Main Market and the value of initial public offerings (IPOs) have shrunk.
At some point, the stock market enjoyed mega-IPOs such as Felda Global Venture Holdings Bhd, IHH Healthcare Bhd and Lotte Chemical Titan that had raised RM10bil, RM6.3bil and RM3.8bil respectively.
Today, an IPO raising just above RM1bil is considered among the largest for the market. This has become the norm for the Malaysian stock exchange.
...