Report: 227 IPO Listings Worth $12.2 Billion in 2024 Month

During the first eight months of 2024, there were 227 IPO listings with a deal value of $12.2 billion. This amount is more than three times the $4.3 billion raised in 2023. According to a report by GlobalData, India has emerged as a strong performer in the APAC region, significantly contributing to the success of IPOs. The IPO market in the Asia-Pacific region has shown stability, with growth momentum observed despite ongoing inflationary pressures and geopolitical tensions.

By sector, the technology and communication industry topped the IPO market with 105 transactions, raising $2.4 billion. The construction sector ranked second with 68 deals, amounting to a total value of $2.2 billion. Increased interest from investors is being driven by innovation, infrastructure development, and the growing demand for digital solutions across the region.

Surge in IPO Activity in Asia-Pacific

In the first eight months of 2024, the Asia-Pacific market witnessed a surge in IPO activity, with 575 listings raising a total of $23.7 billion. This represents a 15.6% growth compared to 2023, showcasing the strengthening of the capital markets in the region.

Significant Increase in IPO Activity in APAC

Murthy Gandhi stated that the momentum and large transaction volumes are expected to accelerate IPO activity in the APAC region in the near future. Notably, there is a bullish trend observed primarily in India, Japan, and certain parts of ASEAN, along with strong capital inflows being recorded.