Singapore’s dismal IPO market has companies eyeing Malaysia

📆 25/09/2024 06:32 a. m.
📰 staronline

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SOME Singaporean companies are looking to sell shares in Malaysia’s booming market, as the city-state remains on track for its worst year for new stock listings in a quarter century.

Malaysia that could happen as early as 2025, Bloomberg reported earlier this month. UMS Holdings Ltd., another chip-related firm listed in Singapore, has said it is considering a similar move. than in all of 2023, according to data compiled by Bloomberg. In contrast, only one company has debuted thus far in Singapore, which is on track for its lowest annual volume of initial public offerings since 1998.

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