IPOs in Asia-Pacific markets remain strong amid pandemic, says EY

In 4Q 2020, exchanges in Thailand were most active with 19 IPOs, raising US$1.9bil, followed by Malaysia (five IPOs raising US$407mil), EY said.

KUALA LUMPUR: Initial public offers (IPOs) in Asia-Pacific markets remained stronger in 2020, with industrials leading the sectors followed by technology and materials, according to EY.

It said in a recent statement despite a challenging 2020, activity in Asia-Pacific surpassed 2019, increasing by 20% (822) by volume and 45% (US$136.2bil) by proceeds in 2020.