More mega IPOs from now till 2019?

New IPOs would be mainly driven by expected higher interest rates and the stock market providing a cheaper option of fundraising for shareholders and companies. For IPOs approved by Bursa Malaysia and the Securities Commission (SC) last year, the largest was Serba Dinamik Holdings Bhd at RM584 million, which was approved last month but would be listed next month. According to investment banking sources, there are some high-profile listings in the pipeline for 2017-2019.