Despite trade war, Asia-Pacific region dominated global IPO activity this year

Booths stand emptied on the trading floor of the Hong Kong Stock Exchange. Photographer: Anthony Kwan/Bloomberg

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.

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