The escalating tensions over US tariffs are causing significant ripples in Malaysia’s initial public offering (IPO) landscape, leading several companies, including Cuckoo International (MAL) Bhd (Cuckoo Malaysia), to postpone their IPO plans.
Speaking at the Bursa Malaysia-ECKL-CIMB Roundtable on “Global Headwinds vs Domestic Resilience: Refreshed Outlook 2025,” Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar highlighted that market volatility triggered by US tariff developments has prompted these delays. He indicated that affected companies are opting to wait for more stable market conditions before proceeding with their IPOs.
While Abdul Wahid did not specify the number of deferred listings, he confirmed that Cuckoo Malaysia, initially slated to list on April 30, has rescheduled its IPO to June.
The postponements come amid a broader IPO surge this year, with 60 IPOs planned compared to 55 in 2024. Despite a strong start, recent IPO performances have been mixed, reflecting market unease following US tariff announcements by President Donald Trump.
MSB Global Group Bhd is scheduled to debut on the ACE Market tomorrow, continuing the IPO momentum despite the challenges posed by global economic uncertainties.–BUSINESS TIMES
