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Emerging-market IPOs set for good year

Baker & McKenzie says cross-border IPOs from emerging-market issuers have seen a 154% rise in capital raised in the first three-quarters of 2014, compared to 2013

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Much of it was due to Chinese e-commerce giant Alibaba's record-breaking IPO in the United States earlier this year. The US$25 billion raised from that contributed to 60 per cent of the total value raised on cross-border IPOs for the first three quarters of this year.

Singapore

INITIAL public offerings (IPOs) from emerging-market issuers are set for their best year since the global financial crisis; this is despite investors becoming more selective about where they place their capital - amid a renewed appreciation of risk - towards the end of the year