Deals
Bankers Predict More Big Asia IPOs After Best Quarter Since 2010
- New stock listings climbed to $43.6 billion in fourth quarter
- Investors, companies have taken geopolitical risks in stride
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As Asia Pacific wraps up its best quarter for new listings in almost a decade, the region’s investment bankers are preparing for a busy start to 2020.
Citigroup Inc. and Morgan Stanley are among firms predicting more big offerings in the first half as investors and issuers look past U.S.-China trade tensions and other geopolitical risks. Potential deals in the pipeline include a blockbuster listing of Thai Beverage Pcl’s brewery business in Singapore and a $1 billion initial public offering by bottled water producer Nongfu Spring Co. in Hong Kong.