Most opinions about Malaysian IPOs are vibes. Here is what the numbers actually say, drawn from CISCOM's database of more than 370 listings since 2015 (figures as of July 2026, first-day open vs offer price).
Year by year
Two things stand out. First, the market runs in cycles: 2019 averaged a negative first day, 2023 averaged +64.9%. Second, volume has exploded, from about a dozen listings a year to more than 50. More IPOs means more choices, and more ways to pick wrongly.
ACE and Main behave differently
- ACE Market (218 IPOs): average first-day open +40.2%, and 69% opened above the offer price.
- Main Market (89 IPOs): average +4.7%, with 50% opening up. Bigger, steadier, far less fireworks.
The extremes
- Best debut on record: LKL International, +1510% at the open (2016).
- Recent standouts: TT Vision +338% (2023), SkyeChip +298% (2026).
- Worst debuts: Chin Hin Group -79% (2016), Greatech -74% (2019), Pecca -72% (2016). Yes, IPOs can open far below the offer price.
The day does not end at the open
Across the decade, the average IPO opened +31.5% but closed its first day at +27.1%, and 48% of IPOs closed below their own opening price. In plain terms: nearly half of all pops fade during day one. Whether you sell at the open or hold matters as much as which IPO you picked.
Every one of these IPOs, with its terms, demand and outcome, is in the screener.
Open the screener →