News Snapshot:
Massive first day IPO gains evoke ‘bubble’ risk in Asian capital markets Ad December 16, 2020 By Scott Murdoch HONG KONG (Reuters) – 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 markets, including...
