Bursa Malaysia Expects Up to Two Major IPOs in Second Half of 2026

KUALA LUMPUR, JULY 2026 – Bursa Malaysia Berhad expects between one and two large-scale initial public offerings to enter the Malaysian capital market during the second half of 2026.

The outlook is supported by a strong pipeline of companies currently undergoing the listing process, including several businesses with large and mid-sized market capitalisations.

Bursa Malaysia Chief Executive Officer Datuk Fad’l Mohamed said the exchange had already received several listing applications and remained optimistic about securing major IPOs before the end of the year.

The exchange has also revised its 2026 IPO market capitalisation target upward to RM34 billion from the previous target of RM28 billion.

The revision followed a strong performance during the first six months of 2026, when Bursa Malaysia exceeded its original full-year market capitalisation target earlier than expected.

A total of 36 companies were listed across the Main, ACE and LEAP Markets during the first half of the year. Collectively, the listings raised RM5.4 billion and contributed RM26.1 billion in IPO market capitalisation.

Fad’l said Bursa Malaysia had already surpassed the RM28 billion full-year target by the time of the announcement, making the upward revision to RM34 billion appropriate.

He added that the current listing pipeline remained encouraging, with companies of various sizes progressing through the application and approval process.

The expected arrival of one or two major IPOs could further strengthen Malaysia’s position as an active fundraising destination in Southeast Asia.

Large-scale listings may also increase trading activity, attract greater institutional participation and expand investment options available to domestic and foreign investors.

Commenting on the broader market outlook, Fad’l said the FTSE Bursa Malaysia KLCI was expected to improve during the second half of 2026 as foreign funds gradually returned to the domestic market.

Global investment flows had previously shifted towards markets such as Taiwan and South Korea, driven by the strong performance of technology-related stocks.

However, following a correction in parts of the technology sector, Bursa Malaysia observed funds beginning to move back into the Malaysian market.

Malaysia recorded foreign fund inflows in July, particularly into defensive stocks offering greater stability and returns, including companies in the banking and utilities sectors.

According to Fad’l, Malaysia’s diverse range of listed sectors gives investors access to more stable assets amid continued uncertainty in global markets.

The FBM KLCI has also demonstrated resilience, with a forward price-to-earnings ratio of 15.4 times. This remains below its 10-year average of 15.8 times, indicating that the benchmark continues to trade at a discount to its historical valuation.