ACE Market tech listings: three IT-services IPOs cross RM80 million raised in June 2026

Bursa Malaysia's ACE Market hosted three back-to-back listings in the week of 16 June 2026, with information-technology and engineering-services issuers doing the heavy lifting. Pentech Holdings Bhd opened trading on 15 June, followed by MM Computer Systems Bhd on 16 June and Sum Technology Bhd on 18 June, according to Bursa Malaysia's IPO pipeline as reported by The Edge Malaysia. The trio took the 2026 year-to-date IPO tally past 30 and pushed the ACE Market's share of new listings to roughly two-thirds of the local exchange's new-issues pipeline.

The number matters. As of mid-June, 22 of the 33 YTD listings were on the ACE Market, six on the LEAP Market and five on the Main Market. The 2026 YTD figure had already exceeded half of the 60 listings recorded across the whole of 2024, with a full half of the calendar year still to run.

The deal

The three debutants are all in the small-to-mid-cap range that has come to define the ACE Market's tech-services pipeline:

• Pentech Holdings Bhd (KL:PENTECH) — an enterprise ICT solutions provider targeting RM34.4 million in primary proceeds. Tentative listing date 15 June 2026, with an offer price of RM0.20 per share.
• MM Computer Systems Bhd — an IT solutions provider raising RM26.18 million via a public issue of 119 million new shares at RM0.22, plus a 47.34 million-share offer for sale. Malacca Securities is principal adviser, sponsor and underwriter; SCS Global Advisory is corporate finance adviser.
• Sum Technology Bhd (KL:SUM) — an integrated engineering services and turnkey solutions provider whose IPO was oversubscribed 110.54 times for the 22.5 million new shares allocated to the Malaysian public. The offering comprised 117 million new shares, with no offer for sale by existing shareholders, and the stock listed on 18 June at RM0.28 per share.

None of the three are direct pitchdeck.my analogues — these are all profitable, established SMEs with audited multi-year track records, which is the price-of-admission for the ACE Market — but their listing profiles (RM25-35 million raises, RM0.20-RM0.28 prices, retail-heavy allocations) map closely to the size of business that pitchdeck.my's build arm typically serves on the way up.

Why this matters

The 2026 ACE Market pipeline is the strongest signal yet that Malaysian SMEs have a viable public-market exit at sub-RM100-million valuations. The pre-2025 pattern was binary: a profitable SME either stayed private indefinitely or did a Main Market listing that required a multi-year track record, a six-to-eight-figure underwriting bill and a 25-percent public spread. The ACE Market — with its lighter entry bar, no minimum operating profit requirement and a 15-percent minimum public spread — has compressed that path into a four-to-nine-month process from adviser engagement to listing day, per Bursa Malaysia's listing timeline guidance.

For investors, the flow matters because retail oversubscription rates are climbing alongside listing volume. Sum Technology's 110-times oversubscription is the most extreme of the week, but it follows a familiar 2025-2026 pattern: tight allocations, strong first-day pops on small-cap tech and engineering names, and a steady drip of post-listing liquidity. The bet for an ECF-platform investor reading the flow is that the IPO exit path is now a real option, not a theoretical one.

For SME founders, the practical question is what it costs to get from a stable RM5-20 million revenue base to an ACE Market-ready prospectus — a question the pitchdeck.my build arm increasingly sees in its discovery calls. The honest answer is that adviser fees dominate (Malacca Securities, M&A Securities, Alliance Islamic, the usual suspects), and the earlier a founder starts the governance work (audited financials going back two to three full years, a documented growth narrative, a defensible use-of-proceeds story), the lower the all-in cost. Build-side work — the kind of business-automation and reporting infrastructure that makes due-diligence faster — is the cheapest part of the stack but the most-skipped, which is why ACE Market listings routinely take the full nine months.

What's next

The 2026 pipeline is far from over. RNG Tech (massage-chair operator, RM16.4 million target) and SRKK AI (IT services, RM20 million+ target) are both slated for ACE Market listings in the first half of July. Manforce Group (workforce management) listed on 6 May. Further out, SkyeChip — a Main Market semiconductor / IC design listing at RM0.80 — is on the calendar without a confirmed date. The Edge's tracker will likely cross 40 YTD listings by end-Q3 2026 if the current pace holds.

For investors watching the pipeline, the next data point is how the three June debutants trade through their first 30 days — oversubscription is one signal, post-listing liquidity and follow-on coverage is the one that compounds into a durable exit market for the 2027 cohort.

Source: The Edge Malaysia — Three ACE Market debuts bring YTD IPO total to 33