Felda Global Ventures Holdings Bhd (2012) – RM10.4 billion

Prior to its listing on Bursa Malaysia on June 28, 2012, Felda Global Ventures Holdings (FGV) Bhd was the world’s third largest oil palm plantation firm in terms of land bank. FGV was the commercial entity of the federal government agency, Federal Land Development Authority (Felda).

Raising RM10.4 billion through its IPO with shares offered at RM4.55 per piece, FGV debuted on Malaysia’s stock exchange on June 28, 2012, with trading going as high as RM5.46 per share before closing at RM5.30 per share.

FGV quickly rose to became the world’s second largest IPO of the year, after Facebook Inc’s US$16 billion listing, and as the biggest listing in Asia for the same year. It was the biggest IPO in Malaysia since 2010’s listing of PCG Bhd.

However, FGV’s share prices hit an all-time low in 2015 at a range of RM1.15 to RM1.19 per share.