IPO fundraising plunged in Thailand and Indonesia in second half of 2023

IPO fundraising plunged in Thailand and Indonesia in second half of 2023

Photographer: Brent Lewin/Bloomberg

Funds raised through initial public offerings in Southeast Asia plunged over 60% in the second half of 2023 from the same period the year before, with companies shying away from listing due to factors such as domestic elections and uncertainty over China’s faltering economy.

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