MMC Port Is Said to Postpone Malaysia’s Biggest IPO Since 2012

MMC Port Holdings Sdn. is postponing its planned initial public offering to next year as it seeks to include its full-year results to bolster valuation, according to people familiar with the matter.

The port operator, owned by Malaysian tycoon Syed Mokhtar Al-Bukhary, expects its 2025 earnings to reflect tariff hikes at most of its ports, the people said, asking not to be identified because the process is private.

MMC Ports was planning to list on the local bourse in the second half of November, in what’s set to be the biggest IPO in Malaysia since 2012. The port ...