JAKARTA, April 2 (Bloomberg): Indonesia is proving to be a treasure trove of initial public offerings amid an extended global lull, beating some other major listing venues in total funds raised during the first quarter. And bankers say there’s more to come.
The South-East Asian market recorded US$1.45 billion in IPO proceeds between January and March, its highest-ever first-quarter tally and nearly twice the amount raised in Hong Kong.
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