IPO volume in Asia this week will be the highest in 2.5 years


10/22/2024

According to Bloomberg, stock markets in the Asia-Pacific region are getting ready for their busiest week in two and a half years with companies racing to raise funds before the U.S. presidential election.



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Around 20 Asian businesses are set to finish IPOs during this week. The sum of those agreements could reach $8.3 billion, marking the highest weekly total since April 2022.

IPOs are scheduled in China, India, and Japan, highlighting a widespread rebound in the industry throughout the region.

Matthew Emslie, a partner at Herbert Smith Freehills LLP in Hong Kong, thinks that the Asian market is starting to show some buoyancy. The rise in activity and urgency is driven by the desire to take advantage of this positive trend.

China Resources Beverage Holdings Co. and Horizon Robotics Inc. will make their first appearance in Hong Kong on Wednesday and Thursday, respectively. The agency stated that a successful first post-IPO trading could lead to an increased number of IPOs by Chinese companies in Hong Kong.

source: bloomberg.com