Asian IPOs: singing the blues (except in Thailand)

Investors are unplugging from the primary market following poor secondary market performance. Will Tencent Music entice them back?

Asian IPOs: singing the blues (except in Thailand)

Institutional investors are becoming increasingly selective about initial public offerings from Asia following a string of poorly performing deals, over which they have been unable to exert much pricing influence.

One such fund manager is Damien Brosnan, the former UBS Asian equity syndicate head who jumped over to the buy-side a year ago, becoming a portfolio manager for Maven Investment Partners.

The primary markets have become challenging over the past few months,...

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