IPO in Malaysia: A Video Update

MMC Port Holdings, Malaysia’s largest port operator and a unit of MMC Corp, is aiming to finalise its cornerstone investor lineup by August ahead of a major IPO on Bursa Malaysia in October 2025, which could raise over $1.5 billion. If successful, it would be the biggest IPO in Malaysia since 2012 and among the largest in Southeast Asia in recent years. The company is currently in talks with over 20 potential cornerstone investors, including BlackRock, UBS Asset Management, PNB, and EPF. The IPO proceeds will go to MMC Corp through the divestment of up to a 30% stake in MMC Port. The port operator posted a 9.2% drop in 2024 net profit despite rising revenue.

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