SINGAPORE (Dec 17): After a lacklustre 2018, Asean markets stand a chance of seeing higher levels of initial public offering (IPO) activity next year – but only if there is a turnaround in economic fundamentals which lead to greater geopolitical certainty, better trade relations, and an increase in liquidity.

Should fundamentals remain as they are, it may be until only 2H19 that Asia-Pacific IPO markets see a sustained improvement in activity.

This is according to the latest quarterly IPO trends report by EY, which found that Asean IPO volumes and proceeds fell by 27% and 56% to 36 IPOs and US$2.3 billion ($3.2 billion), respectively, in 4Q18.

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