VOLATILE market conditions have put a damper on initial public offerings (IPOs) across South-east Asia as well as globally with listings expected to be delayed or even shelved.
The signs are already evident. Over the first quarter of this year, the global IPO market booked 321 IPO deals - down 37 per cent from the corresponding quarter in 2021, according to a Mar 31 report from EY that summarised key findings about the global IPO scene for Q1.
Total IPO proceeds for the quarter came in at US$54.4 billion, down 51 per cent year-on-year.
EY attributed the weaker showing to a range of "emerging and residual" issues such as geopolitical tensions, stock market volatility, the price correction...