Sharp Slowdown Seen in Asia IPO Deals With Stocks in Bear Market
- IPOs expected to slow in second quarter as virus hits
- Convertibles, follow-on share sales to make up for IPOs
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Rarely have equity capital markets bankers had such a hard time predicting how business will be in the months to come.
Last year’s forecasts are now out the window as the coronavirus pandemic upends business plans and deals. With the effects of the outbreak rippling through markets and the broader economy, bankers in Asia are bracing for a sharp slowdown in initial public offerings in the region.