Southeast Asia’s initial public offering (IPI) activity slowed down in the first quarter, amid high interest rates and inflationary pressures, Ernst & Young Consulting said Tuesday.
EY said in a statement that across Southeast Asia, IPO activity was lukewarm, with a total of 38 deals raising $1 billion, down from 51 deals raising $1.4 billion in the first quarter of 2023.
Exchanges in Southeast Asia that were most active in the first quarter were Indonesia (20 IPOs raising $224 million), Malaysia (9 IPOs raising $279 million) and Thailand (6 IPOs raising $273 million)….
