IPO fundraising in Southeast Asia nearly half of 2021 so far this year

IPO fundraising in Southeast Asia nearly half of 2021 so far this year

The Stock Exchange of Indonesia | Photo: Bloomberg

Funds raised across 136 initial public offerings (IPOs) in Southeast Asia in roughly the first 11 months of 2022 were 52% lower at $6.3 billion compared with a record $13.3 billion raised from 152 IPOs in the whole of 2021, according to data from accounting and advisory services firm Deloitte.

Deloitte analysts pointed out that the pandemic had spurred a flood of new retail investors into the stock market, resulting in a boom in the IPO market globally in 2021, with the US and UK reporting record fundraisings through IPOs.

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