SE Asia’s IPOs: Where will the future spark come from?

Southeast Asia’s IPO market in the first nine months of 2024 has been calm. There were 93 IPOs across Indonesia, Malaysia, Thailand, Philippines, and Singapore that raised $2.5 billion in Q1-Q3. This compares with 123 IPOs that raised $4.9 billion in the same period of 2023. The challenging environment has prompted many regulators and exchanges to step in with new rules and regulations.