SINGAPORE/SYDNEY : Southeast Asia is emerging as a global initial public offering 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.
"Southeast Asia's exchanges could see an uptick in IPO activity in 2023, as economic growth remains well supported and we are seeing declining inflation," said Rajiv Vijendran, regional head of investment banking and advisory at Maybank Investment Banking Group. Elsewhere in the region, Malaysian health supplement company DXN Holdings on Friday launched a prospectus to raise up to 708.8 million ringgit .
Singapore could come under the spotlight too, with some signs of interest from foreign issuers because of the city-state's political and economic stability, said David Cheng, head of corporate finance at OCBC Bank.
Source: Financial Digest (financialdigest.net)
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