Asia's IPO market bucks global slump thanks to megadeals

South Korea's LG Energy was largest Q1 debut but market volatility clouds outlook

TSUBASA SURUGA, Nikkei staff writer

TOKYO -- Proceeds from initial public offerings in Asia in the first quarter jumped 18% from a year ago thanks to big listings in South Korea and China, bucking a global slowdown blamed on tighter monetary policy and the war in Ukraine.

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