Sectors

Asia’s IPO pipeline expected to thin out

Date: 01 Feb 2010

Signs of consolidation in global equity markets, combined with a string of disappointing regional debuts, is forecast to slow Asia’s IPO pipeline down in the near term. But bankers expect activity to pick up before 2010 is through.

Keywords (click to search): [IPO] [Asia] [Simon Aird] [Credit Suisse]

Aaron Pan
Asia’s IPO pipeline is expected to take a hit in the near term following a spate of disappointing trading debuts since the start of the year.

The region’s primary markets started the year in buoyant mood, with a range of companies queuing up to float shares. IPO activity returned last year as Asia rebounded strongly from the global financial crisis.

And last month, equity capital market (ECM) volume totalled US$12 billion via 121 deals, a 36% year-on-year increase, according to data provider Dealogic.

ECM transactions generated US$294 million in revenue during the month, more than four times that seen in the same...

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