KUALA LUMPUR: The Securities Commission approved nine initial public offers (IPOs) in the second quarter ended June 30, which would have a combined potential market capitalisation of RM17.04 billion.
In its 2Q scorecard released on Friday, July 22, it said the nine approved IPOs were expected to raise a total of RM5.48 billion.
'Malaysia's capital market saw a vibrant 2Q buoyed by higher interest in all sectors of the market,' the SC said, adding it received 45 corporate proposals compared with 35 proposals in the first quarter of 2011.
It said 16 of the proposals were equity applications, while the remaining 29 were for private debt securities (PDS).'' Out of the 16 equity applications, it said 10 were IPOs with a total potential market capitalisation of approximately RM13.36 billion.
The SC also said it approved 26 PDS proposals compared to 17 in 1Q. The total funds approved to be raised from ringgit-denominated PDS increased by 150% to RM34.3 billion in 2Q compared to RM13.7 billion in 1Q.
There was also an increase in the approval for new collective investment schemes in 2Q, which saw the SC giving the go-ahead for 31 compared with 16 approved in 1Q.
Of the 31 applications for new funds, 14 were to set up new unit trust funds, 16 were to set up wholesale funds and one was for the establishment of a Shahriah-compliant real estate investment trust (REIT).
In its 2Q scorecard released on Friday, July 22, it said the nine approved IPOs were expected to raise a total of RM5.48 billion.
'Malaysia's capital market saw a vibrant 2Q buoyed by higher interest in all sectors of the market,' the SC said, adding it received 45 corporate proposals compared with 35 proposals in the first quarter of 2011.
It said 16 of the proposals were equity applications, while the remaining 29 were for private debt securities (PDS).'' Out of the 16 equity applications, it said 10 were IPOs with a total potential market capitalisation of approximately RM13.36 billion.
The SC also said it approved 26 PDS proposals compared to 17 in 1Q. The total funds approved to be raised from ringgit-denominated PDS increased by 150% to RM34.3 billion in 2Q compared to RM13.7 billion in 1Q.
There was also an increase in the approval for new collective investment schemes in 2Q, which saw the SC giving the go-ahead for 31 compared with 16 approved in 1Q.
Of the 31 applications for new funds, 14 were to set up new unit trust funds, 16 were to set up wholesale funds and one was for the establishment of a Shahriah-compliant real estate investment trust (REIT).
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