SINGAPORE/BANGKOK/JAKARTA -- Funds raised through initial public offerings in Southeast Asia plunged over 60% in the second half of 2023 from the same period the year before, with companies shying away from listing due to factors such as domestic elections and uncertainty over China's faltering economy.
IPO
IPO fundraising plunged in Thailand and Indonesia in second half of 2023
Total raised in region dropped 60% amid political uncertainty and China worries
The Indonesia Stock Exchange expects just over 60 companies to go public in 2024, down from 79 last year. (Photo by Ken Kobayashi)
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