in Nanyang. IPOs in Southeast Asia cooled, but Malaysia bucked the trend and grew 64%.
Although the overall initial public offering (IPO) market in Southeast Asia cooled, Malaysia bucked the trend and grew. In the first nine months of the year, a total of 38 companies were listed, raising US$1.6236 billion (about RM6.57 billion), an increase of 63.7% year-on-year, making it the region's outstanding IPO market.