Bankers hopeful of revival in Asian IPO market in 2024 but elections cast shadows

Bankers hopeful of revival in Asian IPO market in 2024 but elections cast shadows

FILE PHOTO: People wearing face masks pass in front of screens showing trading data, while using the escalators outside Taiwan Stock Exchange, in Taipei, Taiwan March 20, 2023. REUTERS/Annabelle Chih/File Photo

Bankers in Asian equity capital markets are hopeful of a better year in 2024 after a dismal showing for IPOs this year, noting that interest rates have stabilised globally but they add that elections across the region and in the U.S. could crimp demand.