The Asia-Pacific region recorded the weakest performance in initial public offering (IPO) activity globally, with a 34% decrease in deal volume and a 56% drop in value year-on-year, according to EY’s latest global IPO trends report. Mainland China and Hong Kong experienced significant declines, with deal volumes and average sizes falling sharply. Conversely, Japan saw a minor increase in deals amid a strong Nikkei Index. High-interest rates and inflation impacted Southeast Asia’s IPO performance, although EY anticipates a more favourable environment ahead as these pressures ease. Globally, IPO activity slightly declined, but proceeds rose by 7%, indicating a potential improvement in valuation confidence. The Americas and EMEA region showed stronger IPO activities, contrasting with Asia-Pacific’s downturn.