Third quarter is busiest for Asia IPOs on record with US$56 billion in dealsBloombergAsia has had its best third quarter on record for initial public offerings (IPOs), even with Hong Kong turning quiet as many firms put listing plans in the regional powerhouse on hold amid China’s sweeping regulatory clampdown. Photo: BloombergAsia’s record third-quarter came despite the slowdown in Hong Kong, one of the world’s busiest listing venues. That saw listing volumes in the financial hub dip to US$6 billion in the third quarter, trailing South Korea for the first time in four years. Chinese firms that had initially eyed Hong Kong or US listings might opt to raise money privately instead as they wait for the clouds to clear. London-based insurer Prudential PLC fetched US$2.4 billion in a Hong Kong share sale last month in one of the territory’s biggest follow-on offerings of the year.

Source: Taipei Times October 03, 2021 15:56 UTC