News Snapshot:
Skittish equity markets sentiment is taking a toll on initial public offerings across Asia, with a spate of deals being shelved while others are being scaled back. Three offerings were withdrawn in South Korea over the past week, with companies citing difficulties in obtaining proper valuations. Together, the deals could have raised up to $1.19 billion in a market that hasn’t seen a big IPO since January. Life Insurance Corp of India’s $2.7 billion share sale, a milestone for Prime Minister Narendra Modi’s administration and the biggest ever in the country, had its final size cut by 60% as the...
