KUALA LUMPUR, Dec. 10 (Xinhua) -- Initial public offerings (IPOs) on Bursa Malaysia have performed strongly this year, with expectations that the number of listings will reach 60 companies, Malaysian Second Finance Minister Amir Hamzah Azizan said on Tuesday.
This would surpass the 55 IPOs listed last year and will raise close to 30 billion ringgit in market capitalization on Bursa Malaysia, he said in a ceremony to mark the listing of the oil-and-gas shipping firm Orkim Bhd.
Amir Hamzah said Orkim's listing today marked the 58th IPO this year, marking a clear signal that investor confidence remains strong and that opportunities exist for companies ready to embrace transparency, governance, and sustainable growth.
He said the government has suggested that Bursa Malaysia focus on "listing scales" instead of the number of companies to be listed on Bursa Malaysia for its targets in 2026. ■