Southeast Asia IPO fundraising down 60% in first half as Indonesia slumps

VIENTIANE/MANILA/BANGKOK -- Initial public offerings in Southeast Asia raised 60% less in the first six months of 2024 than a year earlier, as higher interest rates and political transition have made investors tentative.

Nikkei analyzed Southeast Asia IPO data with U.S. research company Dealogic. Funds raised in listings between January and June totaled $1.54 billion, down 62% year-on-year. The number of listings was down 12% to 71.