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KUALA LUMPUR (November 25): Deloitte said on Thursday that the number of initial public offerings (IPOs) on Bursa Malaysia has returned to pre-Covid-19 levels, thanks to fundamental investors and the abundance of uninvested capital and that he is optimistic that more businesses will be listed in 2022 in Bursa as the country’s economy recovers from the impact of the pandemic.
In a statement to reporters covering Deloitte’s virtual press conference on the performance and outlook for the SEA (Southeast Asia) IPO market 2021, Deloitte said that with rising rates of vaccination against Covid-19 in Malaysia, there are a growing number of start-ups and companies seeking to increase their presence and capacity to tap the country’s capital markets.
Wong Kar Choon, who is head of disruptive events advice at Deloitte Malaysia, said in the statement: “The IPO market in Malaysia has remained vibrant with 24 public listings (year) to date (as of November 15, 2021). “
“With the introduction of the Capital Market Masterplan (3) by the Securities Commission Malaysia, the digitization of operations and the overall recovery of the economy after Covid-19, we are optimistic that more companies will be listed in 2022.
“As we keep an eye on the macroeconomic impact of fiscal and regulatory policies, including sustainability reporting, on global markets, we expect 2022 to be a busy year,†Wong said.
More soon
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