Busiest Summer for Asia IPOs on Record With $56 Billion in Deals
- Blockbuster IPOs in South Korea, India boost overall tally
- China’s regulatory overhaul has chilled Hong Kong’s market
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Asia has had its best third quarter on record for initial public offerings, even with Hong Kong turning quiet as many firms put listing plans in the regional powerhouse on hold amid China’s sweeping regulatory clampdown.
Thanks to blockbuster deals in markets like South Korea and India, first-time share sales in the region raised $56 billion in the three months through Sept. 30, the most ever for such a period, data compiled by Bloomberg show.