Malaysia Bucks Regional Slump: IPO Proceeds Hit US$1.62bn

Quick Answer: Malaysia recorded 38 of Southeast Asia’s 56 IPOs in the first nine months of 2026, raising US$1.62 billion (RM6.56 billion), according to Ernst & Young (EY). That compares with US$992 million (RM4.02 billion) from 37 listings a year earlier. For shareholders, a busier Malaysia IPO pipeline means more new names on Bursa Malaysia to monitor, but EY says investors are becoming more selective.

Why Is Malaysia’s IPO Market Bucking the Regional Slump?

Stock market screen showing Malaysia IPO proceeds data — Malaysia led Southeast Asia’s IPO market in the first nine months of 2026.

Malaysia took 38 of the region’s 56 listings in the first nine months of 2026. Those 38 IPOs raised US$1.62 billion (RM6.56 billion, based on US$1=RM4.05).

The same period last year saw 37 listings raising US$992 million (RM4.02 billion). Malaysia added one more listing and lifted proceeds.

How Did Malaysia Perform in 3Q 2026?

Malaysia recorded nine IPOs in the third quarter of 2026, raising US$167.2 million (RM677.2 million). In the same quarter last year, eight IPOs raised US$94 million (RM380.7 million).

Here is how Malaysia’s neighbours compared in 3Q 2026:

Singapore: 8 IPOs raising US$1.28 billion (RM5.18 billion)
Indonesia: 7 IPOs raising US$121.3 million (RM491.3 million)
Thailand: 3 IPOs raising US$21.3 million (RM86.3 million)

Where Did Southeast Asia’s IPO Market Slow Down?

Southeast Asia recorded 56 IPOs raising US$3 billion (RM12.15 billion) in the first nine months of 2026. That is a 26% decline in volume and a 13% drop in value year-on-year.

In 3Q 2026, the region recorded 20 IPOs raising US$500 million (RM2.03 billion), against 26 IPOs raising US$2.1 billion (RM8.51 billion) a year earlier. EY’s Asean IPO leader Chan Yew Kiang said “except Malaysia, IPO transaction counts across Southeast Asia slowed.”

Chan cited regulatory reforms, a muted economic outlook and geopolitical uncertainties. Singapore’s Equity Market Development Programme (EQDP), introduced in February 2025, injected liquidity, but Chan said “more needs to be done by corporates to improve liquidity and post-IPO performance.”

What Do Global IPO Numbers Mean for Asia-Pacific?

Globally, 908 IPOs raised US$290 billion (RM1.17 trillion) in the first nine months of 2026. Deal volume fell 2%, but proceeds rose 153% year-on-year.

Asia-Pacific: 399 IPOs raising US$93.2 billion (RM377.5 billion), with volume up 14% and proceeds up 79%
EMEIA: 389 IPOs raising US$30.2 billion (RM122.3 billion), with volume up 1% and proceeds up 6%
Americas: 120 listings, down 35% in volume, while proceeds surged 392% to US$166.6 billion (RM674.7 billion)

What Is EY Telling Issuers and Investors?

EY Capital Markets representative Nghia Trung Nguyen said “the stronger proceeds are encouraging and point to continued investor appetite for quality companies with compelling growth prospects.” He added that issuers must be realistic about market timing as investors become more selective.

Nguyen said a compelling business proposition, strong fundamentals, good governance and a clear growth strategy remain crucial for a successful listing. These factors also determine whether investor confidence holds after the IPO. Analysts note that post-listing performance is what new Bursa names will be judged on.

How to Apply for Malaysian IPOs via M+ Global

EY’s factsheet does not name any individual issuer. This report therefore carries no offer price, subscription dates or listing date for a specific IPO.

Online IPO applications need a direct CDS account in your own name. You may submit only one application per IPO, and retail portions are balloted when an IPO is oversubscribed.

Apply through the M+ Global app using invitation code UBZQ. For assistance, WhatsApp +60169059789. Read the IPO Investing with M+ Global guide and the Trading Account Types in Malaysia explainer before you apply.

Key Takeaways

Malaysia took 38 of Southeast Asia’s 56 IPOs in the first nine months of 2026, raising US$1.62 billion (RM6.56 billion).
Malaysia’s 3Q 2026 tally was nine IPOs raising US$167.2 million (RM677.2 million), up from eight IPOs and US$94 million a year earlier.
Southeast Asia’s volume fell 26% and value fell 13% year-on-year, excluding Malaysia’s gains.
Global proceeds rose 153% to US$290 billion, while volume dipped 2%.

This article is for information only and is not investment advice. Do your own research and check the prospectus of any IPO before making a decision.

Frequently Asked Questions

How many IPOs did Malaysia have in the first nine months of 2026?

Malaysia recorded 38 IPOs in the first nine months of 2026, out of 56 across Southeast Asia, according to EY. Those listings raised US$1.62 billion (RM6.56 billion).

How much did Malaysia raise from IPOs in 3Q 2026?

Malaysia raised US$167.2 million (RM677.2 million) from nine IPOs in the third quarter of 2026. That compares with US$94 million (RM380.7 million) from eight IPOs in the same quarter last year.

How do I apply for a Malaysian IPO through M+ Global?

Open a direct CDS account in your own name, then apply through the M+ Global app using invitation code UBZQ. You may submit only one application per IPO, and WhatsApp +60169059789 is available for assistance.

Is an IPO allocation guaranteed if it is oversubscribed?

No. When an IPO is oversubscribed, retail portions are balloted, so allocation is not guaranteed. Multiple applications for the same IPO are an offence under the Capital Markets and Services Act 2007.

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