Malaysia eyes healthy IPO pipeline for 2013, but election in focus

Malakoff seeks to raise about $1 billion in the second quarter, while Ranhill Energy and Resources files a draft prospectus for a slightly smaller offering.

The IPO market in Malaysia, which was a bright spot in Asia last year supported by ample domestic pension money, is expected to remain active in 2013 based on the number of deals in the pipeline.

One of the first sizable deals expected to hit the market this year is Malakoff Corp, the largest independent power producer in Malaysia. The company is seeking to raise about $1 billion from its initial public offering, which is...

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