New initial public offerings (IPOs) have slowed in Asia following the market turmoil in the wake of Russia’s invasion of Ukraine, monetary tightening to curb spiralling inflation, plus fresh Covid outbreaks, Nikkei reported, citing Dealogic data.
In Asia-Pacific, while IPO proceeds this year till 14 June were down 26% from last year and the count 31% less than 2021, globally, the IPO count was 53% below 2021 levels and the proceeds down 72%, the report said.
Read the full report: Nikkei Asia.
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