Record-Setting $49 Billion Asia IPO Boom Is Likely to Taper Off
Apr 04 2021, 1:45 PM
April 04 2021, 2:30 AM
April 04 2021, 1:45 PM
(Bloomberg) As in the U.S., initial public offering activity out of Asia has had its strongest-ever start to a year. That frenzy for new shares is likely to taper off as demand falls back to earth in the next few months.
(Bloomberg) As in the U.S., initial public offering activity out of Asia has had its strongest-ever start to a year. That frenzy for new shares is likely to taper off as demand falls back to earth in the next few months.
After best-ever start to a year, $49 billion Asia IPO boom likely to taper off
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Last Updated: Apr 04, 2021, 10:04 AM IST
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Synopsis
Asian companies, like their global peers, notched their best first quarter for listings ever, thanks to a flood of liquidity during the pandemic, super-low interest rates, and rallying stock markets.
Now, a global rotation out of highly-valued tech and health-care stocks that have dominated market activity.
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By Julia Fioretti
As in the U.S., initial public offering activity out of Asia has had its strongest-ever start to a year. That frenzy for new shares is likely to taper off as demand falls back to earth in the next few months.
UPDATE 1-Tencent-backed Linklogis to raise $1.02 bln in HK IPO - sources reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
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FILE PHOTO: A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song/File Photo
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