With the outbreak of Covid-19, also IPOs have collapsed worldwide. In April and May, a 48% drop in volume was recorded. In North and South America, Europe, the Middle East and Africa, IPO activity remained shallow in June. However, in the Asia-Pacific region, volumes increased by 2% and proceeds registered a +56% compared to the same period last year.
This boom was led by new listings in Hong Kong and mainland China, as well as the revival of new activities in India.
The South East Asian IPO market stands out: According to Refinitiv, IPOs in the region were worth USD 4.6 billion by August, compared to USD 3.1 billion in the same period in 2019.
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