Malaysia’s largest port operator MMC Port Holdings advances IPO preparations: MMC Port Holdings has hired local banks CIMB and Maybank to work on its planned initial public offering (IPO) that is projected to reel in over USD 134 bn, first announced back in October, Reuters reports, citing two sources. The IPO will likely value the firm, which operates five ports across the Malaysian peninsula, at over MYR 25 bn (c. USD 5.5 bn).

The timeline: The IPO — possibly Malaysia’s largest in over a decade — is expected to move forward between 2H 2025 and 2026.

Not the first time we’ve heard from MMC Port: US-based investment firm Global Infrastructure Partners (GIP) scrapped plans back in April to acquire a 49% stake in MMC Port Holdings after failing to reach an agreement on the price for the stake. The outfit’s owner, Syed Mokhtar Al Bukhary, was also eyeing a USD 3.2 bn to USD 4.2 bn valuation for the firm, which would have represented Malaysia’s largest ever port sale.

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