Tech IPOs could see another mild year as bar for good listings is raised

SOUTH-EAST Asia’s initial public offering (IPO) scene for the tech sector may be in for another dull year as the region’s startups struggle under heavy losses.

With investors raising the bar for profitability, startups may need more time to whip their businesses into shape before going public, analysts told The Business Times.

Tech valuations in South-east Asia reached fever pitch in 2021, propelled by the pandemic craze and the influx of easy money.