Chinese tech stocks to lead a rebound in H2, but uncertainties remain

Dealmakers in Asia are looking closely at China tech stocks – in particular spin-offs from giants such as JD.com and Alibaba – to lead a regional capital markets comeback.

In what has been a tepid first half of 2023 for the global initial public offering IPO market, the Asia Pacific region remains the only bright spot in an otherwise lacklustre vista.

According to figures from EY, Asia currently dominates in terms of global launches and has an approximate 60 per cent share of the volume and value of IPOs worldwide.                 

In the first half of 2023, the Apac region raised $39.4 billion from 371 IPOs, marking a year-on-year YOY decline of 2% in terms of volume and 40%, in terms of value.

...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 3 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Share our publication on social media
Share our publication on social media