Aside from keeping costs relatively low, what else has contributed to Bursa Malaysia having one of the best-performing IPO markets in the region this year?
Unlike the Singapore Exchange (SGX:S68
) (SGX), Bursa Malaysia’s IPO market is thriving. It is on track to meet its goal of 42 new listings this year — with some debuts larger than others.
99 Speed Mart Retail Holdings raised RM2.3 billion ($700 million) on the Main Market in September, turning founder and CEO Lee Thiam Wah into a billionaire. In March, fertility care company Alpha IVF raised RM466.5 million — the largest ever on the bourse’s ACE Market, which stands for “access, certainty and efficiency”. It is an alternative, sponsor-driven market designed for companies with growth prospects, similar in some ways to SGX’s Catalist board.
