Emerging-market IPOs set for good 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, says international law firm Baker & McKenzie.

The firm noted that cross-border IPOs from emerging-market issuers have seen a 154 per cent increase in capital raised in the first three-quarters of this year, compared to 2013.