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Malaysia’s IPO scene heats up

2 July, 2025

With 60 initial public offerings (IPOs) projected in 2025 and a target market capitalisation of RM40.2 billion (approximately US$9.45 billion), Bursa Malaysia is gearing up for one of its strongest years yet.  

This momentum follows a standout 2024, where Malaysia defied the regional slowdown in IPO activity. 55 companies listed, raising RM7.4 billion and marking the highest number of IPOs in The Association of South-East Asian Nations (ASEAN). 

What’s powering this upswing?  

A diverse sector pipeline – from consumer goods and healthcare to logistics and technology – paired with government incentives and growing investor appetite.  

It’s a formula that’s creating an exciting, opportunity-rich environment. 

“Malaysia has always punched above its weight in capital markets,” says Andrew Heng, group managing partner of Baker Tilly (Malaysia).  

“As confidence returns post-pandemic and global dynamics shift, more companies are looking at IPOs and cross-border listings – and Malaysia is firmly on the radar.” 

Malaysia’s appeal lies in its clear listing pathways, thanks to the structured frameworks of the Main Market and ACE Market, and its reputation for regulatory strength.  

The Securities Commission Malaysia and Bursa Malaysia continue to balance oversight with innovation, driving progress in ESG reporting and alternative fundraising models. 

For businesses and investors seeking a stable yet forward-looking listing destination, Malaysia is making its case loud and clear. 

Read our practical guide on listing requirements in Malaysia and across key ASEAN jurisdictions here.

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