Thursday 28 Mar 2024
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KUALA LUMPUR (Feb 5): Bursa Malaysia Bhd can look forward to a "slightly higher" number of initial public offerings (IPOs) in 2018 compared with the 13 seen in 2017, said its chief executive officer Datuk Seri Tajuddin Atan.

"The IPO pipeline is doing quite well and we are going to see some big ones coming," Tajuddin said at a media briefing.

The stock exchange operator recorded a surge of 71.1% in its funds raised from new listings and the secondary market to RM21.9 billion in 2017, while the number of new listings rose from 11 to 13.

Tajuddin said the bourse was still actively courting retail investors in order to increase liquidity and volatility in the stock market.

In 2017, retail participation on Bursa Malaysia grew 41% year-on-year. The stock market also saw the first total net foreign inflow of funds since 2013 at RM10.8 billion.

Tajuddin said Bursa Malaysia’s capital expenditure planned for 2018 includes improving surveillance and technological systems.

Apart from that, although listing fees remain competitive and would remain at their current level for the time being, “there is room for improvement”.

The bourse operator also has no plans to implement the dual class share structure adopted by Singapore Exchange Ltd recently.

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