The great valuation reset awaits SE Asia in 2023

The great valuation reset awaits SE Asia in 2023

Singapore. Photo by Dan Freeman on Unsplash

If there’s one thing Southeast Asian investors have been waiting for all year in 2022, it’s a private market correction. While US public and private markets have tumbled since the beginning of 2022, Southeast Asia’s privately funded firms have barely budged. In fact, several continue to sit on last-round valuations priced during the boom years of 2020-21.