Aquawalk Group Berhad, renowned for its world-class aquaria including Aquaria KLCC, has launched its prospectus for an initial public offering (IPO) on the ACE Market of Bursa Malaysia, scheduled for 19 November 2025. The IPO seeks to raise up to $24.2 (RM114.3m), marking a significant step in the company’s growth as it transitions to a public entity.
The group, established in 2005, operates aquariums globally, including Aquaria Phuket and a 40% stake in Jakarta Aquarium & Safari. The IPO involves a public issue of 368.6 million new shares and an offer for sale of 368.6 million existing shares, representing 40% of the enlarged share capital. At 31 sen per share, the company is expected to achieve a market capitalisation of $121.1m (RM571.3m).
Funds raised will be allocated to capital expenditures for upgrading and developing attractions, IT improvements, and working capital. This aligns with Aquawalk’s vision of becoming a leading centre for ocean education and conservation. Executive Chairman, Simon Foong, stated, “Aquawalk is set to be the region’s first oceanarium to go public, with vast opportunities to expand our portfolio further in other markets within Asia Pacific.”
The public issue application is open until 7 November 2025. M & A Securities Sdn Bhd and CGS International Securities Malaysia are managing the IPO process.
