Asia's IPO market trails U.S. and Europe as proceeds plunge 73%

India tops global listings in first half of year, buoyed by strong economy

20240628 baicha

According to LSEG data, the largest IPO on Asian markets so far this year, excluding India, has been Chinese bubble tea maker Sichuan Baicha Baidao. (Photo by Kensaku Ihara)

TSUBASA SURUGA, Nikkei staff writer

SINGAPORE -- The value of initial public offerings on Asian stock exchanges so far this year has fallen by more than two-thirds from a year ago, putting the region behind the U.S. and Europe, which are showing signs of recovery after a prolonged downturn.

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