Southeast Asia's strong IPO markets an outlier as global deals fizzle

Southeast Asia's strong IPO markets an outlier as global deals fizzle

FILE PHOTO: A general view of the city skyline of Jakarta, the capital city of Indonesia, October 30, 2021. REUTERS/Ajeng Dinar Ulfiana

Southeast Asia is emerging as a global initial public offering (IPO) hotspot, with the region’s elevated economic growth and stable interest rate outlook making it a standout as bigger financial centres struggle to attract major new share sales.