Asean IPOs expected to hold steady in Q4 as Chinese listings take a hit

The Indonesia Stock Exchange was the most active, with 15 listings raising US$1.7 billion. PHOTO: AFP
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SINGAPORE - Tensions between the Washington and Beijing and resurging Covid-19 cases could hammer the market for Chinese initial public offerings for the rest of the year, noted professional services firm EY on Thursday (Sept 30).

But while growth could fall in the short term, experts said investor interest in China equities is unlikely to taper off, while listings in Asean are expected to hold steady in the fourth quarter.

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