Even as the global IPO market is in a state of hibernation with investors showing a tepid response to even mega unicorn listings, sentiments in Asia seem to be rather buoyant – at least in some markets.
Take China for instance. With its new Nasdaq-style stock venue (STAR Market) making a debut last month, demand from retail investors outstripped supply when 25 companies hit the trading platform for listing. The firms raised a total amount of $5.4 billion, about 20 per cent more than what was planned.
