At $156m, Johor Plantations launches Malaysia's largest IPO in 2 years

At $156m, Johor Plantations launches Malaysia's largest IPO in 2 years

Petronas Twin Towers in Kuala Lumpur, Malaysia. Photo by Elliot Andrews on Unsplash

Malaysian palm oil company Johor Plantations Group launched its initial public offering on Wednesday that will raise 735 million ringgit ($155.89 million) in what would be the country’s biggest IPO in more than two years.