The decrease, which highlights a “lukewarm regional IPO outlook”, is due to the lack of blockbuster IPOs in the 1H2024. During this time, Southeast Asia only welcomed one large IPO, which raised over US$200 million, compared to three large IPOs which raised over US$600 million each in the 1H2023.
The Southeast Asia initial public offering (IPO) capital market saw 67 deals in the first half of 2024, with US$1.4 billion ($1.89 billion) in proceeds raised. Compared to the same period the year before, IPO deals in 1H2024 marked a 21% decrease while the amount raised fell by 59% y-o-y. These findings were in Deloitte’s 2024 Southeast Asia Mid-Year IPO Snapshot report published in July.
The market capitalisation for IPOs in 1H2024 came up to US$5.78 billion for the region, marking a sharp 71% drop from the market capitalisation of US$20.09 billion in 1H2023.
