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.
