Malaysia continues to dominate Southeast Asia's IPO market in first half of 2026

Malaysia has solidified its position as the most active and dominant IPO market in Southeast Asia for the first half of 2026. According to Deloitte's "Southeast Asia IPO Half-Year Review 2026," Malaysian markets were responsible for 36 out of the 47 total IPOs recorded regionally, capturing a substantial 77% market share.

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The local market contributed 36 out of the total 47 IPOs recorded regionally, equivalent to a significant holding of 77 percent.

This dominance is further reflected in fundraising, with Malaysia's market raising US$1.34 billion (approximately RM5.48 billion). This figure represents 43% of the total capital raised across Southeast Asia during the period. A key driver of this impressive performance was the listing of healthcare giant Sunway Healthcare Holdings Berhad on Bursa Malaysia's Main Market on March 18, 2026. This single transaction alone raised about US$707 million (RM3.13 billion) and achieved a market capitalization of US$4.13 billion (RM16.84 billion).

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Malaysia's market successfully raised US$1.34 billion (around RM5.48 billion), accounting for 43 percent of the total capital raised in Southeast Asia during the period.

Wong Kar Choon, Capital Markets Services Partner at Deloitte Malaysia, noted that these developments indicate a mature and healthy IPO market in Malaysia. The market is transitioning from a volume-driven surge seen in 2025 to a more balanced growth phase that prioritizes quality over quantity. Deloitte anticipates this positive momentum to continue through the remainder of 2026, supported by a pipeline of over 40 potential companies planning to list.

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The main driver for this excellent performance was supported by the listing of healthcare giant, Sunway Healthcare Holdings Berhad on Bursa Malaysia's Main Market on March 18, 2026, which alone managed to raise funds of around US$707 million (RM3.13 billion).

Across Southeast Asia, the IPO market saw a significant increase in fundraising, despite a slight decrease in the number of listings. The region recorded 47 IPOs, raising a total of US$3.07 billion (RM13.57 billion), a remarkable 117% increase from the US$1.41 billion raised in the same period last year. The aggregate market capitalization also surged by 96% to US$15.07 billion (RM66.69 billion). This trend is evident in the regional average offering size, which more than doubled from US$26 million to US$65 million, indicating a preference for mature and viable companies among investors.

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This latest development proves that the Malaysian IPO market is now in a very healthy mature phase.