China- and Hong Kong-based companies raised a combined $13.7 billion through initial public offerings (IPOs) in the front-loaded first quarter of 2020, according to data compiled by DealStreetAsia.
IPOs completed in January and February were mostly launched before the pandemic was understood to be a historic global crisis. The slowdown in March and industry players that DealStreetAsia spoke to suggest more subdued expectations for the months ahead.
