Arab Today, arab today strong ipo market in asia expected in 2013
Last Updated : GMT 20:43:23
Arab Today, arab today
Arab Today, arab today

Strong IPO market in Asia expected in 2013

Arab Today, arab today

Arab Today, arab today Strong IPO market in Asia expected in 2013

Singapore - Agencies

The pace of initial public offerings (IPOs) in Asia is expected to pick up in the second half of next year. Several rounds of monetary stimulus by major central banks should brighten the global outlook, while IPOs that were shelved this year because of the poor market are likely to resurface. A year ago, investor confidence about a second half recovery in 2012 was high. But turmoil in major economies dashed any hope of a rebound. IPO tracker, Mergermarket said international Asian markets like Hong Kong and Singapore suffered a fall in the number of IPOs as well a decline in the value of new listings. Hong Kong Exchange saw a 75 per cent drop in value of its new listings and a 14.29 per cent decline in the number of IPOs in the first 11 months of 201,2 compared to a year ago. Singapore recorded a 43.96 per cent drop in the value of the new listings and a 15 per cent fall in IPO issues during the same period. Several notable issues like F1, Dynasty REITS were shelved in 2012. But the IPO market ended with a big bang from the listing of Chinese state-owned People\'s Company of China, raising some US$3.1 billion in Hong Kong. Max Loh, country managing partner at Ernst & Young LLP said: \"In 2012 compared to 2011, in terms of number of deals as well as capital raised, that\'s really because of macroeconomic concerns - the Euro crisis, the impending US fiscal cliff, really the performance of IPO transactions as well, that led to muted IPO activities.\" The only exception in Asia was Malaysia, which had a 260 per cent jump in the value of its new listings, despite a 50 per cent decline in the number of new IPOs. That market was buoyed by the mega listings of palm oil plantation company, Felda, and healthcare provider, IHH. Still, many investors have turned to the corporate bond market to make a buck, rather than weather the volatility in equity markets. For a company wanting to raise funds, however, the cost of doing that by IPO, remains attractive, even if delayed. Tim Leemaster of The Mergermarket Group said: \"IPOs are such a similar event in a corporate life cycle that I don\'t see a company opting out of an IPO. It also makes the cost of funding much cheaper when you are a listed company and where you have a discipline of regular market reporting. So, I don\'t see the IPO market going away because of a healthy bond market.\" The argument goes that signs of economic improvement will bump up interest rates. That will make it more expensive for a company to service a bond issue, than to sell shares. Fundamentally, companies still need funding no matter what the economic climate is. \"Valuations are decent in Asia, investor\'s appetite is high for stocks in Asia, there is still growth in Asia in terms of organic growth and the need for capital investment to generate growth,\" said Chang Tou Chen, head of global banking in South East Asia at HSBC. Analysts said while IPOs may rebound in 2013, mega-deals will be few and far between. Upcoming regional deals include Chinese orange grower, Asia Agricultural of at least US$200 million IPO in Singapore, power generator, Malakoff\'s US$1 billion in Malaysia, US$100 million IPO from Indonesian state-owned cement maker, Semen Baturaja in Jakarta and banking to spirits conglomerate, LT Group planning US$1 billion in Philippines to comply with free float rules are in the pipelines.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today strong ipo market in asia expected in 2013 Arab Today, arab today strong ipo market in asia expected in 2013

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Turkey says ends its military operation

GMT 07:53 2017 Thursday ,30 March

Turkey says ends its military operation

GMT 18:45 2017 Thursday ,30 March

Bahrain Bourse Daily Trading Performance

GMT 18:43 2017 Thursday ,30 March

Bahrain Bourse Daily Trading Performance

GMT 18:40 2017 Thursday ,30 March

Saudi Stock Index Gains 52.67 Points

GMT 18:38 2017 Thursday ,30 March

Saudi Stock Index Gains 52.67 Points

GMT 05:51 2017 Thursday ,30 March

Indian stocks set to hit record high

GMT 20:45 2017 Wednesday ,29 March

Germany's Public Debt Falls 1.2% in Q4

GMT 20:38 2017 Wednesday ,29 March

Kuwait Bourse Ends Tuesday on Mixed Board
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today 'Underwater wasteland' worries

GMT 10:32 2017 Thursday ,30 March

'Underwater wasteland' worries
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Singer Rowida Attiya will issue a new song

GMT 07:38 2017 Tuesday ,28 March

Singer Rowida Attiya will issue a new song
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 07:50 2017 Thursday ,30 March

Breaking trans barriers one barbell

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday