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Asia dominant in IPOs in Q3 worldwide
By Feng Jianmin |
00:00 UTC+8 September 27, 2012
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Print Edition
Print Edition
ASIAN markets still dominated initial public offerings globally in the third quarter amid a decline in listing activities worldwide, a report said yesterday.
The funds raised via IPOs in Asia accounted for 76 percent of the world's total in the July-September period, with nearly one-third from IPOs in China including the mainland, Hong Kong and Taiwan, the report said.
The global IPOs have raised US$24.1 billion so far this quarter, down 46 percent by capital from the second quarter and 16 percent less than the same period last year, Ernst & Young said in the report.
"We had slow activity over the summer months as well as the postponement of a number of high profile listings this quarter," said Terence Ho, China Strategic Growth Markets Leader at Ernst & Young. "Although activity in Chinese mainland and Hong Kong was down in the quarter in line with the overall decline in economic growth, some sectors, including mining, industrials and healthcare, are pursuing IPOs."
The report said Asia may see increasing IPO activities in the fourth quarter of this year.
The funds raised via IPOs in Asia accounted for 76 percent of the world's total in the July-September period, with nearly one-third from IPOs in China including the mainland, Hong Kong and Taiwan, the report said.
The global IPOs have raised US$24.1 billion so far this quarter, down 46 percent by capital from the second quarter and 16 percent less than the same period last year, Ernst & Young said in the report.
"We had slow activity over the summer months as well as the postponement of a number of high profile listings this quarter," said Terence Ho, China Strategic Growth Markets Leader at Ernst & Young. "Although activity in Chinese mainland and Hong Kong was down in the quarter in line with the overall decline in economic growth, some sectors, including mining, industrials and healthcare, are pursuing IPOs."
The report said Asia may see increasing IPO activities in the fourth quarter of this year.
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