What is your view on the Asian IPO market so far this year
There are meaningful differences from one country to another across the region in terms of IPO’s outcome. North Asia has faced a difficult situation in terms of IPOs, especially in Hong Kong.
We’ve seen tentative deals, which have not come through because of the lack of appetite.
In other countries, mostly in Southeast Asia, we’ve seen a good response and it’s interesting to see that two of the three largest deals globally so far this year took place in Malaysia.
The Philippines is also...