Asia-Pacific IPOs fell to $11bn in Q1 2023, mainly due to Beijing's scrutiny and Hong Kong's large deal slowdown.
India, South Korea, and Japan are expected to see a rise in IPO activity while China's deals remain sparse. Asia-Pacific IPOs fell to $11bn in Q1 2023, the lowest since early 2019, with a 46% drop from the same period last year. The decline is mainly due to Beijing's increased scrutiny of domestic IPOs and a slowdown in large deals in Hong Kong linked to China's economy.
April 01, 2024
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