
Asian IPOs set to take off in 2014
After a disappointing run this year.
According to EY Global IPO Trends: Q4 2013, The total number of IPOs in Asia in 2013 is expected to reach 347 compared to 414 in the previous 12 months. Proceeds are also down with US$44.4b raised, compared to US$56.2b in the region in 2012, due to the suspension of IPO activity in China through 2013.
Max Loh, EY’s Asean and Singapore Managing Partner and IPO Leader, said: “Despite the freeze in IPO activity in Mainland China with listings suspended since late 2012, the region has seen high levels of activity in 2013, with Hong Kong, Japan and Southeast Asia seeing an increase in the number of deals and capital raised – a trend that is set to continue into 2014.
We expect continued robustness of Mainland China and Southeast Asia IPOs in 2014 and beyond. The robust economic activity in the individual ASEAN economies and the economic integration benefits from the creation of the ASEAN Economic Community (AEC) should create further momentum.”