IPOs galore in Southeast Asia

THERE were 85 listings in the first half of 2023 (1H23) in Southeast Asia raising US$3.3bil (RM15bil), which was 16% and 5% higher, respectively, than those recorded in the same period a year earlier.

But the initial public offering (IPO) market capitalisation was higher a year earlier at US$35.4bil compared with US$20bil in 1H23.