China Slump Turns October Into The Worst Month for Asia IPOs Since 2019
- Asia Pacific IPO proceeds slump to $3.89 billion in October
- China deals drop as nation’s appeal fades on slowdown fears
This article is for subscribers only.
Initial public offering proceeds in Asia Pacific slumped to the lowest in at least four years in October, hit mainly by slower capital-raising in mainland China.
Companies and their shareholders across the region raised about $3.89 billion through IPOs since the end of September, Bloomberg-compiled data shows. That’s a drop of 40% versus the same period last year, and the lowest monthly amount since February 2019.