South-East Asia IPOs outperform to hit US$9.8bil as of mid-November, says Deloitte

KUALA LUMPUR, Nov 25 (Bernama): South-East Asia's initial public offering (IPO) proceeds, as of mid-November, have continued to grow even as the region is still battling the Covid-19 pandemic, with US$9.8 billion (US$1=RM4.21) in funds raised from 121 IPOs, outperforming the full calendar year 2020.

Deloitte South-East Asia and Singapore disruptive events advisory leader Tay Hwee Ling said compared to the full year 2020, the number of IPOs this year has gone up by 6 per cent with total funds raised rising by 39 per cent. The total IPO market capitalisation grew by 24 per cent to US$ 36.1 billion.