India, S. Korea, Japan to stay busy with IPOs as China stalls

Hong Kong IPOs have dried up as stock prices slump and economic prospects wane.

SHANGHAI: After the worst quarter in five years for Asia-Pacific initial public offerings (IPOs), a pick-up in activity is expected from South Korea, India and Japan while Chinese deals are likely to remain sparse.

New share sales across the region fell to US$11bil between January and March, the lowest tally for a quarter since early 2019, data compiled by Bloomberg showed.