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Ant Group, FWD, Syngenta could be 2023's top Asian IPO

Jack Ma's Ant Group, Richard Li's FWD, and agrichemical company Syngenta are likely to be the top Asian IPOs next year following a lacklustre 2021 for IPOs globally, according to reports. In Hong Kong, the number of IPOs is likely to drop 19% this year amid a global slowdown, but the city’s stock exchange should regain bragging rights as one of the world’s top three markets by facilitating twice as much fundraising in 2023, according to PwC. On the other hand, China's onshore market hosted nine stock listings valued at over USD1bn this year, more than any other in 2022, which almost entirely vanished from venues such as Hong Kong, Seoul, and Mumbai, SCMP reported.


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