Southeast Asia's IPO activity surges in 1Q despite Covid-19 standstill

Stanislaus Jude Chan
Stanislaus Jude Chan3/30/2020 01:33 PM GMT+08  • 3 min read
Southeast Asia's IPO activity surges in 1Q despite Covid-19 standstill
EY is eyeing an increase in IPO activity in 3Q as the market attempts a reset and the global pipeline looks for the next IPO window.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Mar 30): Initial public offering (IPO) activity surged across Southeast Asia in 1Q2020, despite coming close to a standstill in March on the back of the Covid-19 outbreak.

Building on the momentum in 4Q2019, the number of IPO deals in the region in 1Q2020 jumped 63% to 31 deals raising US$3 billion ($4.3 billion) – an 885% surge in proceeds compared to the same quarter a year ago. This is according to EY's latest quarterly IPO report published Monday.

The significant jump in proceeds is mainly due to the listing of Central Retail Corp – the largest IPO ever on the Stock Exchange of Thailand.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.