Asia-Pacific powers ahead with IPOs despite global uncertainty

SINGAPORE (Sept 30): Asia-Pacific IPO proceeds surged 138% to US$24.2 billion ($33.1 billion) in 3Q16 even as unprecedented levels of geopolitical uncertainties point to a slow year for IPOs globally in 2016.

The region saw a 41% increase in IPO deal volume to 176 compared to the previous quarter, according to a quarterly report on global IPO trend published by EY on Friday.

Asia-Pacific accounted for 69% of IPOs worldwide and a 53% share of proceeds in the third quarter, having turned in steady gains on both measures quarter by quarter.

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