fed-rate-cut-comes-too-late-for-asian-ipos

Fed rate cut comes too late for Asian IPOs

Changsheng and Cebu Air postpone their IPOs as Asian markets tumble. Another four deals that are due to price this week hang in the balance.
The surprise US Federal Reserve rate cut last night may have helped to halt the panic sell-off in financial markets, but the move came too late for some of the ongoing initial public offerings in Asia. These IPOs have been faced with rapidly declining valuations for their sector peers and investor reluctance to add to their exposures.

Asian stocks tumbled across the board yesterday, prompting two of the listing candidates to postpone their IPOs before finishing the roadshows. Sources say there could be more casualties before the end of the week unless there is a significant rebound in the secondary market.

ôPortfolio investors are looking at what they have got already and donÆt...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222