Bankers predict more big Asia IPOs after best quarter since 2010

Bankers predict more big Asia IPOs after best quarter since 2010

Photographer: Anthony Kwan/Bloomberg

As the Asia Pacific wraps up its best quarter for new listings in almost a decade, the region’s investment bankers are preparing for a busy start to 2020.

Citigroup Inc. and Morgan Stanley are among firms predicting more big offerings in the first half as investors and issuers look past U.S.-China trade tensions and other geopolitical risks. Potential deals in the pipeline include a blockbuster listing of Thai Beverage Pcl’s brewery business in Singapore and a $1 billion initial public offering by bottled water producer Nongfu Spring Co. in Hong Kong.

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