Global IPOs slump in Q3, but Q4 hopes up
Number of offerings falls 55% to 192 from Q2 while funds raised drop 75% to US$17.9b
Singapore
INITIAL public offerings (IPOs) dried up around the world in the third quarter of 2015 as market volatility spiked, and hopes are now on the developed markets to capture risk-aversion opportunities, according to accounting consultancy firm EY.
The outlook in Asia - in South-east Asia in particular - remains soft as the China engine appears to have stalled, EY said in its third-quarter Global IPO Trends report.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
Hong Kong bourse regains favour on hopes of a market revival
Chinese sellers go to TikTok school to reach buyers abroad
Gold prices set for weekly decline ahead of US inflation data
Huawei’s new phone sports latest version of made-in-China chip
Meta’s earnings flop sparks US$400 billion sell-off in tech stocks