Southeast Asian issuers push ahead with IPOs

OUE Hospitality Trust launches an offering of up to $481 million one day after SPH Reit hit the market, while Ranhill Energy and Resources leads a host of listing hopefuls in Malaysia and Puradelta Lestari starts to gauge the demand for Indonesia’s largest IPO this year.

Southeast Asian issuers push ahead with IPOs

Even though equity markets in Asia have stabilised during the past two weeks, bankers say it will be difficult to bring sizeable initial public offerings in Hong Kong until September, as the investor appetite isn’t really there for untested deals with a long lead time.

Hong Kong listing candidates that used year-end financials in their listing applications and failed to get their deals out before the end of June will also have to update their...

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