Mid-Year IPO Review: Keeping up the momentum
- 21 companies listed in the first six months, hitting 50% of Bursa Malaysia’s full year target
- Excluding the LEAP Market, there were 15 gainers since listed and 5 stocks declined, translating into an average return of 73.7% since listing
- First day average return of 25.6% was lower than 2023 listings but this year’s total return since listing is close to 2023 IPOs 76.8%
- Total amount raised hit RM2.17 bil in 1H24, achieving 60.8% of proceeds raised in 2023
- Kawan Renergy Bhd was the top performer after share price more than tripled
