Malaysia, Indonesia to battle for IPO supremacy in 2025 as signs point to Asean market comeback

INDONESIA and Malaysia are likely to jostle for the top spot on the Asean initial public offering (IPO) leaderboard in 2025, as the former returns to political stability following a general election.

This comes after Malaysia emerged as this year’s winner in terms of deal number and size, on the back of positive economic indicators and robust investor support.

Industry observers said Asean’s IPO market as a whole is expected to improve amid lower interest rates and positive growth in its economies.