9 April 2026Top Stories
Malaysia's $2bn ports IPO could be biggest since 2012
Malaysian tycoon Syed Mokhtar Albukhary's MMC Ports has secured regulatory approval for a Main Market IPO that could raise $2 billion at a $7 billion valuation, potentially Malaysia's largest since FGV Holdings in 2012. The company operates Southeast Asia's largest private port network by equity-adjusted throughput, handling 18.5 million TEUs and serving four of Malaysia's five largest container ports. The November debut comes as supply chain reshoring to Southeast Asia drives logistics sector consolidation.
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