The queue of jumbo listings in Asia next year includes the world's second-largest battery maker in Seoul and an insurer with more than 1.2 million agents and 100,000 employees in Mumbai.
HONG KONG: After a bumper year of stock listings, Asian companies may find it hard to repeat the success in 2022 given the prospect of rising interest rates and China’s tightening grip on Big Tech.
(Bloomberg) After a bumper year of stock listings, Asian companies may find it hard to repeat the success in 2022 given the prospect of rising interest rates and China’s tightening grip on Big Tech.
After a bumper year of stock listings, Asian companies might find it hard to repeat the success next year given the prospect of rising interest rates and China’s tightening grip on big tech.
Thanks to a blistering first six months of this year amid a global boom, initial public offerings (IPOs) in the region have reached US$190 billion so far this year, already a record and up 31 percent from the whole of last year.
However, the momentum has weakened notably in the past few months, as Beijing escalated a regulatory assault on private enterprises, putting major deals on hold and