IPO Performance Report - First Quarter of 2024

9 companies were listed in the first quarter of 2024 (1Q2024), with a combined market capitalisation of RM4.0 billion and raised RM1.31 billion via new public issue and offer for sale. New listings in the 1Q2024 comprise 1 business trust on the Main Market and 8 companies on the ACE Market.

Highlight for the first quarter

• Industrial Products and Services sector led in terms of number of listings - 6 out of the 9 companies listed were from the said sector and debuted on the ACE market. Collectively, these 6 companies raised RM350.6 million with IPO market capitalisation of RM 1.25 billion.
• First business trust listing on Bursa Malaysia - Prolintas Infra Business Trust debut on the Main Market on 25 March with an IPO market capitalisation of RM1.05 billion. The business trust opened flat at its IPO price of RM0.95 before closing with 2 sen higher on its first trading day.
• The largest IPO on ACE market - Alpha IVF Group Berhad listed on ACE market on 22 March 2024 with a market capitalisation RM 1.56 billion. 271 million shares worth RM86.3 million changed hand on the first trading day of the fertility care specialist, making it one of the top active stocks on the same day.