Of the 31 initial public offerings (IPOs), seven were on the Main Market and 24 on the ACE Market (excluding the LEAP Market). Two years on, the 2023 IPO cohort has delivered mixed results in terms of share price performance. As at Dec 31, 2025, 16 were trading below their IPO price, while the remaining 15 had traded higher (see table). Mixed performance on the ACE MarketIf the Main Market told a story of broad underperformance, the ACE Market delivered mixed results. The Thai-based snack food distributor surged 191.3% to 67 sen, from its IPO price of 23 sen.

Source: The Edge Markets January 19, 2026 06:35 UTC