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Huge first day IPO gains evoke 'bubble' risk in India, other Asian markets

The huge price pops have taken place across regional stock markets, including in Hong Kong, China, and India

Topics
IPO | Asian markets | Indian markets

Scott Murdoch | Reuters  |  Hong Kong 

Massive gains posted by companies at their trading debut in regional stock markets in Asia this year are raising the spectre of a bubble, bankers and brokers said. A record number of companies in Asia are seeing their valuations double after initial public offerings (IPO) this year, driven by red-hot demand from retail investors making the most of unprecedented market liquidity and lower interest rates. The huge price pops have taken place across regional stock markets, including in Hong Kong, China, and India, prompting concerns that a "bubble" could be ...

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First Published: Wed, December 16 2020. 14:06 IST
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