Chinese tech stocks to lead a rebound in H2, but uncertainties remain

In what has been a tepid first half of 2023 for the global initial public offering IPO market, the Asia Pacific region remains the only bright spot in an otherwise lacklustre vista.

According to figures from EY, Asia currently dominates in terms of global launches and has an approximate 60 per cent share of the volume and value of IPOs worldwide.                 

In the first half of 2023, the Apac region raised $39.4 billion from 371 IPOs, marking a year-on-year YOY decline of 2% in terms of volume and 40%, in terms of value.

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