Blockbuster IPOs in HK, KL could be start of more in Asia as investor confidence returns

Convenience-store chain 99 Speed Mart raised RM2.36 billion (S$705 million), marking Malaysia’s largest listing in seven years. - Bloomberg

SINGAPORE: Blockbuster initial public offerings (IPOs) appear to be making a comeback in the region ahead of an expected interest rate cut by the US Federal Reserve and as investor confidence returns on the back of an improving economic outlook.

A blockbuster IPO typically involves a company whose listing is highly anticipated by investors and the public, enjoys strong valuations and media coverage, and usually raises a substantial amount of capital when it goes public.