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Overlooked IPO markets are booming, as Beijing cracks down on tech firms

August 30, 2021
Source: taipeitimes.com taipeitimes.com
News Snapshot:
China’s crackdown on technology companies is prompting global investors to look for new opportunities across Asia, contributing to a record increase in initial public offerings (IPO) from India to South Korea that shows few signs of slowing. Tech companies from those countries and Southeast Asia have raised US$8 billion from first-time share sales this year, already blowing past the previous annual peak. The tally is poised to grow bigger with planned listings by companies including Indian fintech giant Paytm and Indonesian Internet conglomerate GoTo, both of which might break local fundraising records. Photo: Bloomberg Long overshadowed by their Chinese peers,...
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