Asia-Pacific IPO markets showed signs of recovery for the first quarter of 2025, according to EY.
The region showed signs of recovery, reclaiming the lead area in IPO volume and value, with Hong Kong and Malaysia recording robust growth.
Southeast Asia saw a year-on-year (YOY) decline in IPO volume and value, with 27 listings that raised US$0.7 billion in the first quarter of 2025, down from 37 IPOs that raised US$0.8 billion a year ago.
Malaysia recorded an 18-year high with 14 listings of moderate deal size that raised US$0.3 billion, compared with nine deals raising US$0.3b in the first quarter of 2024.
Other markets that saw IPO activity included Indonesia, registering 11 IPOs raising US$0.4 billion, down from 19 IPOs raising US$0.2 billion in Q1 2024, and Thailand, with two IPOs raising US$0.15 billion, down from 4 IPOs raising US$0.3 billion.Â
