SINGAPORE -- The share performance of recently listed Asian tech companies has diverged dramatically this year as investors reward managements that have cut costs and committed to improving profitability and punish those with less certain prospects.

Soaring prices across the globe following Russia's invasion of Ukraine and rapid interest rate hikes have prompted investors to shy away from bets on young companies. (Nikkei montage/AP/GoTo)
IPO prospects remain uncertain despite gains by Asian tech stars