look news india
Mumbai: In Asia Pacific, South Korea, India and Japan are expected to pick up public offering (IPO) activity in the March quarter of 2024 after being the weakest in five years, while China is expected to lag.
Equity sales in Asia Pacific fell to $11 billion in the March quarter, the lowest since the first quarter of 2019, a research firm said in a report.
The figures for the March quarter of the current year are 46 percent less than the March quarter of last year. IPO activity in Asia declined overall, while Europe and the US saw an improvement as China tightened scrutiny of new share sales domestically to restore confidence in its equity markets.
Concerns about China's economy have led to the disappearance of large public offerings in Hong Kong. There has been no public offering of more than $1 billion since October 2022. As far as India is concerned, small batches have been coming here since January this year and there has been an increase in verification in the last month.
As investors are increasingly attracted to equities in India, offerings of over Rs 10 crore are expected to hit the market.
