Thursday 28 Mar 2024
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SINGAPORE (March 29): Asean exchanges will need to brace themselves for headwinds even as their pipelines for initial public offerings (IPO) this year look fuller than in 2017, says global financial services firm EY.

Based on the latest quarterly report, Global IPO trends: 1Q 2018, total IPO proceeds raised from Asean exchanges fell to US$661 million in 1Q18, down from US$1.1 billion a year ago and mainly comprising contributions from Thailand and Vietnam’s stock exchanges.

Max Loh, EY Asean and Singapore Managing Partner, Ernst & Young LLP, nonetheless notes that Asean IPO markets remained active over the quarter with the largest number of deals q-o-q since 2014... (Click here to read the full story)

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