Sectors

Asian IPO prices must come down, says S&P

Date: 03 Mar 2010

A series of debut trading flops by firms listing in Asia means IPO prices must come down to tweak investor interest, says Lorraine Tan of S&P. The firm also believes regional equity markets will rally, albeit amid volatility.

Keywords (click to search): [Lorraine Tan] [Standard & Poor's] [S&P] [UC Rusal] [SouthGobi Energy Resources] [China First Heavy Industries] [China XD Electric]

Aaron Pan
Companies looking to list in Asia need to lower their IPO prices to attract investors, Standard & Poor’s analyst Lorraine Tan said in a media conference call today (March 3).

Listings in Asia surged last year as firms sought to take advantage of a return in investor appetite. Hong Kong ended up as the world’s largest IPO market in 2009, raising more than HK$243 billion (US$31.3 billion).

However, market sentiment towards Asian IPOs has proved uncertain this year after several high-profile companies floated...

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