Singapore’s Dismal IPO Market Has Companies Eyeing Malaysia (1)

Some Singaporean companies are looking to sell shares in Malaysia’s booming market, as the city-state remains on track for its worst year for new stock listings in a quarter century.

A shift would buck the historical pattern of Malaysian firms offering equity in Singapore, which has traditionally been seen as offering better access to global institutional investors.

Singapore-listed Grand Venture Technology Ltd., a supplier to the semiconductor industry, is eyeing a secondary listing in Malaysia that could happen as early as 2025, Bloomberg reported earlier this month. UMS Holdings Ltd., another chip-related firm listed in Singapore, has said ...