Fed Rate Cut Comes too Late for Asian IPOs
The surprise US Federal Reserve rate cut last night may have helped to halt the panic sell-off in financial markets, but the move came too late for some of the ongoing initial public offerings in Asia. These IPOs have been faced with rapidly declining valuations for their sector peers and investor reluctance to add to their exposures.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.