IPO action slows in January

Despite fewer initial public offerings in Asia ex-Japan last month, the largest eight offerings that are trading performed positively up to January 31.

In this, the first of FinanceAsia's monthly IPO performance bulletins, we highlight the activity of January's largest eight offerings that are publicly traded.  

A total of 32 initial public offerings in Asia ex-Japan raised $2.248 billion dollars in January .

This was a sharp drop from the same month last year, which saw 75 deals raise $5.435 billion. 

The Bank of Xian's $306 million January 22 listing on the Shanghai Stock Exchange was the largest last month, followed by Maoyan Entertainment's $250 million listing through the Hong Kong Exchange's main board on January 28. 

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