NYSE expects tech companies to spur revival in new Asian listings

Hong Kong

THE New York Stock Exchange (NYSE) sees technology companies driving a revival in new Asian listings and expects double-digit IPOs through the end of 2017 from the region, the exchange's global head of capital markets Garvis Toler said.

New listings should start picking up pace in the next months after a slow first half of the year, said Mr Toler, who is finishing a trip to Asia with stops in Japan, Indonesia, Hong Kong and mainland China.

NYSE, which has seen only two listings from Asia this year, is betting that technology companies that have raised billions of dollars in private markets would lead the rebound. "If that number was in the double digits in the next year-and-a-half it wouldn't be surprising at all," Mr Toler said. "I would absolutely say technology is where…