From Ola Electric to Cainiao, Here Are the Hottest Asian IPOs Planned in 2024
- Alibaba’s logistics arm is expected to debut in Hong Kong
- India will likely host Ola Electric’s $661 million IPO soon
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After a tough 2023, initial public offerings in Asia may get a boost as Hong Kong sees a gradual return of large Chinese deals this year. Meanwhile, markets such as India, Japan and Indonesia are expected to continue thriving.
There will be a good balance of regional activity in 2024 that is increasingly “characterized by India’s growth and enhanced interest in markets like Korea and Southeast Asia,” said Edward Byun, co-head of Asia ex-Japan equity capital markets at Goldman Sachs Group Inc.