Power Firm Leader Energy Said to Weigh $433 Million Malaysia IPO

Leader Energy Holding Bhd. is preparing for an initial public offering in Malaysia and is seeking to raise as much as 2 billion ringgit ($433 million), according to people with knowledge of the matter, in what would be the country’s biggest first-time share sale since 2017.

The Kuala Lumpur-based power company plans to submit its draft prospectus to the regulator as soon as the end of this month, said the people, asking not to be identified as the process is private. Leader Energy may raise between 1 billion ringgit and 2 billion ringgit and is targeting a December trading debut, ...