Kuala Lumpur, 19 October 2010

SC Scorecard: Sustained interest in IPOs in Q3 2010

10 new listing applications for the Main Market were received by the Securities Commission Malaysia (SC) during the 3rd quarter of 2010, which included two new foreign-based IPOs. This was an increase from 8 listing applications received in the previous quarter. Six of the applications received in Q3 were companies with a potential market capitalisation of at least RM500 million each.  

A total of 18 new Main Market listings had been approved by the SC from January to September this year, already exceeding the 12 IPO approvals recorded in 2009.

The SC further approved 10 Ringgit-denominated private debt securities (PDS) in the third quarter with total amount of funds to be raised totaling RM16.19 billion, an increase of 54% from the RM10.51 billion approved in the second quarter of 2010.

The SC maintained its strong performance standard with 98.72 percent of licensing applications and 94 percent of the corporate proposals processed within the relevant time charters. A total of 1744 licensing applications were received in the third quarter.

Capital market statistics released by the SC cover information on processing, approvals and rejections of submissions, including timing and reasons. In addition to these scorecard indicators, the quarterly statistics of submissions approved by the SC for the third quarter of 2010 were also reported.

The full series of capital market statistics released by the SC is available here.