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2024 Bursa IPO Recap: 7 Facts Worth Your Attention

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Moomoo IPO Hub wrote a column · 18 hours ago
As 2024 draws to a close, have you participated in the bustling Bursa Malaysian IPO on moomoo this year? Almost 90% IPO surged on debut, rally up to 189%. Here are 7 facts worth your attention!
1. 55 stocks were listed on Bursa Malaysia this year (11 on Main Market, 40 on ACE Market and 4 on Leap Market), setting a record since 2006.
2. This achievement represents a significant 72% increase compared to the 32 companies that had their IPO in 2023. The total funds raised amounted to RM7.42 billion, which is an even more remarkable 107% growth, according to Bursa.
3. Malaysia is the country with the hottest IPO market among Southeast Asian countries this year. In contrast, only six companies were listed on the Singapore Exchange this year.
4. Among the 51 companies listed on the Main Market and the ACE Market, 44 (86%) had rising share prices on the first day of listing, 2 remained unchanged, and only 5 declined. The average increase was 36.5%, with the maximum drop at -14.8%.
 2024 Bursa IPO Recap: 7 Facts Worth Your Attention
5. $UUE (0310.MY)$ achieved the highest increase of 189% on the first day of listing in 2024. This company specializes in underground utility construction solutions and pipeline laying.
6. $99SMART (5326.MY)$ raised the largest amount, collecting RM2.3562 billion. It rose by 13.94% on its first day of listing and has since increased by 47.88%.
7. It is anticipated that more companies will go public in 2025. According to market rumors, a star catering company is expected to go public in 2025. Do you know which company it is?
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 2024 Bursa IPO Recap: 7 Facts Worth Your Attention
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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