IPO Newsletter Issue 3/2023

We are delighted to share with you the fifth issue of our IPO readiness newsletter, where we will provide the latest IPO insights and data, key capital market developments, and highlights of initiatives adopted by respective stock markets.

The market is continuing to show signs of recovery, with the Thai IPO market in 2023 expecting to outperform 2022. In 2022, there were a total of 163 IPOs across Southeast Asia, increasing by 7% from 2021; however, the value of fund raising decreased by 43% which is indicative of a higher number of smaller listings in 2022.

Many companies are showing a greater interest in listing in the stock exchange. The benefits of listing for an organisation have become increasingly clearer, including access to long-term financing, creating a credible image for the company, professional financial management, long term resilience as well as opening new opportunities for the future.
We hope that you will find this newsletter an insightful read, and we look forward to connecting and discussing some of these issues in greater detail with you. In the meantime, please reach out to us should you have any questions.

Featured highlights

Southeast Asia IPO Capital Market

2022 was a year of global uncertainty in the economy and financial markets, with consecutive federal rate hikes to battle rising global inflation, as well as the Russia-Ukraine conflict contributing to supply chain crunch and upward pressure on prices.

What CFOs can do to help their controllers’ role keep growing

In the midst of a fast-changing economic environment, most CFOs say they continue to provide earnings guidance in traditional ways, involving quarterly estimates and underlying assumptions, although some are not providing any guidance.

Assurance in a blockchain world: How you can prepare to address the risks

As blockchain, distributed ledgers, and cryptocurrencies enter the mainstream, stakeholders should consider their ability to mitigate the new risks that can occur. Explore the unique risks associated with the technology and business models of these players—particularly, the financial, technology, operational, and regulatory risks. If not properly planned for, these risks can cause significant loss.