IPO proceeds in Asia plunge 73% so far in 2024: EY

IPO proceeds in Asia plunge 73% so far in 2024: EY

FILE PHOTO: An electronic board shows Shanghai and Shenzhen stock indices at the Lujiazui financial district in Shanghai, China, March 17, 2023. REUTERS/Aly Song/File Photo

The value of initial public offerings on Asian stock exchanges so far this year has fallen by more than two-thirds from a year ago, putting the region behind the US and Europe, which are showing signs of recovery after a prolonged downturn.