S-E Asia IPOs outperform to hit RM41.42bil

Deloitte South-East Asia and Singapore disruptive events advisory leader Tay Hwee Ling said compared with the full year 2020, the number of IPOs this year has gone up by 6% with total funds raised rising by 39%. The total IPO market capitalisation grew by 24% to US$36.1bil (RM152.58bil).

KUALA LUMPUR: 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$9.8bil (RM41.42bil) 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 with the full year 2020, the number of IPOs this year has gone up by 6% with total funds raised rising by 39%. The total IPO market capitalisation grew by 24% to US$36.1bil (RM152.58bil).