IPO activity proves Southeast Asian markets robust despite crisis


Source: nationthailand.com nationthailand.com

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Capital markets across Southeast Asia have remained resilient this year despite uncertainties from the global health crisis to the worsening US-China trade tensions and impact of the US presidential elections, according to Deloitte Southeast Asia. Initial public offerings (IPOs) in the region over 10 and a half months this year bucked the overall downward trend to inch up to pre-Covid levels with up to US$6.44 billion raised in 100 IPOs. from 100 initial public offerings (IPOs). Though the number of IPOs dropped by 38 per cent from 161 in 2019 and IPO proceeds dropped by 12 per cent from $7.34...