By Toby Garrod
Category :Malaysia,Global
The recent spate of large IPOs in Malaysia was quick to spark scepticism of its newfound fund-raising primacy among the global asset management community. Few believe the country can retain its crown as Asia’s IPO capital for long given fundamental issues at the heart of its capital markets – such as those pertaining to government involvement in the corporate sector. Nevertheless, beneath the spectacle and doubt, a slowly maturing financial centre is emerging as a noteworthy challenger to its regional peers, even in the most steadfast of markets.