PHOTO: BT FILE[KUALA LUMPUR] Bursa Malaysia has raised its 2026 initial public offering (IPO) market capitalisation target by 21.4 per cent after a strong first-half performance, as robust fundraising activity and higher trading volumes boosted earnings despite rising operating costs. The exchange revised its full-year IPO market capitalisation target to RM34 billion (US$8.3 billion) from RM28 billion, reflecting confidence in a healthy listing pipeline following a strong first six months of the year. The higher IPO market capitalisation target comes after Bursa Malaysia recorded 36 IPOs across the Main, Ace and Leap markets in the first half, raising RM5.4 billion and adding RM26.1 billion in market capitalisation. In a statement on Thursday (Jul 30), Bursa Malaysia CEO Fad’l Mohamed said the exchange delivered a resilient first-half performance, supported by strong trading activity, healthy fundraising momentum and continued confidence in the Malaysian capital market. He noted that during the period, Bursa Malaysia led Asean in both IPO count and funds raised.