SkyeChip IPO Malaysia 2026: Stock Code, Listing Date, Price, Market Cap & Full Performance Outlook

SkyeChip Berhad (Stock Code: 5357) is Malaysia's first homegrown AI chip designer to list on Bursa Malaysia's Main Market. With an IPO price of RM0.88 per share, a listing date of 20 May 2026, and analysts assigning up to 91% upside from the IPO price, this is one of the most watched tech IPOs in Malaysia this year.

Whether you are a first-time IPO applicant or a seasoned investor building a semiconductor portfolio, this guide breaks down everything — the numbers, the brokers, the risks, and the long-term picture — so you can make a confident, informed decision.

SkyeChip IPO at a Glance

SkyeChip Berhad is a Penang-based integrated circuit (IC) design company specialising in silicon intellectual property (IP) — the kind of high-margin, fabless design work that powers AI chips, high-performance computing (HPC) systems, and next-generation memory interfaces. The company's IPO is being managed by Maybank Investment Bank as principal adviser, with CIMB Investment Bank as joint bookrunner and underwriter.

Here are all the key IPO details you need in one place:

What Does SkyeChip Actually Do?

SkyeChip is Malaysia's leading fabless IC design company. Unlike chip manufacturers that build physical fabs, SkyeChip designs the silicon IP and custom chips that other companies integrate into their products. Think of it like selling the blueprint rather than the factory — a significantly higher-margin, more scalable business model. The company's core work covers silicon IP licensing and custom ASIC design for AI accelerators and HPC systems using advanced nodes as small as 3nm.

What makes SkyeChip stand out is its positioning in the AI and memory interface space. Its revenue has grown over 105% over two years, and it recorded a net profit of RM35.9 million in FY2025, up from RM33.7 million in FY2024, with a 30.1% net profit margin. China and Taiwan markets currently account for ~90% of its revenue — a key risk factor but also a sign of deep commercial traction with Asian chip manufacturers. The company plans to use the IPO proceeds primarily to fund R&D and expand its IP portfolio into next-generation AI chip architectures.

First-Day & Long-Term Performance Outlook

Analyst coverage has been broadly bullish ahead of the listing. Here is a snapshot of key analyst fair value targets vs the IPO price of RM0.88:

For first-day performance, the most likely scenario is a strong debut pop given the AI narrative, broad analyst support, and cornerstone investor commitment of 155 million shares (39% of IPO shares). However, keep in mind that the IPO was priced at a trailing PER of ~42–44x FY25 earnings — it is not cheap, and any broader market weakness or tech sector rotation could cap the first-day gain. A realistic first-day range is RM1.10–RM1.40, though this is not a guarantee.

Long-term performance will depend on SkyeChip's ability to expand beyond its China/Taiwan revenue concentration, successfully commercialise new AI silicon IP generations, and maintain its high profit margins as competition from global fabless players intensifies. Tradeview projects net profit to grow from RM35.9 million in FY25 to RM47.4 million in FY26 — a ~32% growth trajectory that would justify the current valuation if delivered.

How to Buy SkyeChip (SKYECHIP 5357)

The IPO subscription window has now closed (it closed on 6 May 2026). If you applied during the subscription period, results will be reflected in your CDS account by 18 May 2026. If you did not apply for the IPO, you can still buy SkyeChip shares from 20 May 2026 onwards through any licensed stockbroker with access to Bursa Malaysia's Main Market. Simply search for the stock name SKYECHIP or stock code 5357.

For future IPO applications, here is how eIPO works through Malaysia's most common platforms:

Best Broker to Buy SkyeChip in Malaysia

For buying SkyeChip after listing (secondary market trading), the best broker depends on your priorities. Here is a practical breakdown to help you decide:

Our pick for post-listing trading: If you already have a funded account with Webull Malaysia or Moomoo, those are the most seamless options with competitive fees and strong charting tools. If you want one platform that handles both IPO applications and post-listing trading under one roof, Moomoo Malaysia currently supports both Bursa IPO access and secondary market trading in the same app.

What Does a RM1,000 Investment Look Like?

Let's say you buy SkyeChip at the IPO price of RM0.88 (or close to it on listing day). Here is how different exit price scenarios translate into real returns, before brokerage fees:

These figures are purely illustrative based on analyst fair value estimates and do not account for brokerage fees, stamp duty, or market fluctuation. Always factor in your total transaction costs before calculating actual returns. Use Duitwise's Stock Fee Calculator to see your real net profit after all fees.

Key Risks to Watch

SkyeChip is an exciting company, but no investment is without risk. Here are the key factors that could weigh on performance:

• Revenue concentration risk — ~90% of revenue comes from China and Taiwan; any geopolitical disruption could materially impact earnings
• Valuation risk — the IPO was priced at ~42–44x trailing PER, which is not cheap; any earnings miss could trigger a sharp re-rating
• Competition — global fabless silicon IP players like ARM, Cadence, and Synopsys have far larger R&D budgets
• Currency risk — with revenue largely in USD/CNY, a stronger ringgit could compress earnings when converted to RM
• Execution risk — IPO proceeds are allocated toward R&D; results from new IP development may take 2–3 years to materialise

Other AI & Semiconductor Stocks on Bursa Malaysia

If you like the AI and semiconductor theme but want additional exposure beyond SkyeChip, here are some established names already trading on Bursa Malaysia:

Is SkyeChip Worth Buying?

SkyeChip represents something genuinely new for Malaysian investors — a homegrown, fabless AI chip designer with real revenue traction and strong margin fundamentals. If you are building a tech-heavy Bursa portfolio with AI exposure, it is a logical addition. The broad analyst consensus of 34–91% upside from the IPO price suggests the market is pricing it with room to grow, especially if AI semiconductor demand continues to accelerate through 2026 and beyond.

That said, this is not a "safe" defensive pick. It trades at a premium valuation, has geographic revenue concentration risk, and like all IPOs, first-day pricing can be emotionally driven rather than fundamentally anchored. The smarter approach for most investors is to wait for post-listing price stabilisation over the first 2–4 weeks before building a meaningful position — unless you are comfortable with short-term volatility.

Frequently Asked Questions (FAQ)

What is SkyeChip's stock code on Bursa Malaysia?

SkyeChip Berhad trades under the stock name SKYECHIP with stock code 5357 on Bursa Malaysia's Main Market.

When is SkyeChip listing date?

SkyeChip is scheduled to list on 20 May 2026. Allotment results will be released on 18 May 2026.

What is the SkyeChip IPO price?

The IPO price is RM0.88 per share. At this price, SkyeChip's market capitalisation at listing is approximately RM1.58 billion.

Can I still apply for the SkyeChip IPO?

No — the retail subscription period closed on 6 May 2026. You can buy SkyeChip shares on the open market starting from 20 May 2026 through any Bursa-licensed broker.

What is SkyeChip's analyst target price?

Analyst fair value estimates range from RM1.18 (TA Research, BIMB Research) to RM1.68 (PublicInvest Research), implying 34–91% upside from the IPO price.

References

• Bernama — SkyeChip Aims to Raise RM352 Million in IPO — bernama.com
• The Edge Malaysia — Chip Design Firm SkyeChip Sets Main Market IPO at 88 Sen — theedgemalaysia.com
• The Star — Main Market-bound SkyeChip Aims to Raise RM352mil in IPO — thestar.com.my
• The Star — SkyeChip Eyes Growth Ahead of Debut — thestar.com.my
• The Edge Malaysia — Analysts Bullish on SkyeChip, Upside Seen at Up to 91% — theedgemarkets.com
• BusinessToday — SkyeChip Poised for AI-Driven Chip Cycle, Analyst Assigns 68% Upside — businesstoday.com.my
• Maybank2u — SkyeChip Berhad IPO Application — maybank2u.com.my
• KLSE Screener — SKYECHIP Berhad (5357) — klsescreener.com
• i3investor — SkyeChip Berhad IPO Info — i3investor.com