Massive first day IPO gains evoke 'bubble' risk in Asian capital markets By


Source: upnewsinfo.com upnewsinfo.com

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© . FILE PHOTO: A panel outside the Hong Kong Exchanges displays top active securities in Hong Kong By Scott Murdoch HONG KONG () – Massive gains posted by companies at their trading debut in regional stock markets in Asia this year are raising the spectre of a bubble, bankers and brokers said. A record number of companies in Asia are seeing their valuations double after initial public offerings (IPO) this year, driven by red-hot demand from retail investors making the most of unprecedented market liquidity and lower interest rates. The huge price pops have taken place across regional stock...