Southeast Asia IPO Market Set for H2 Recovery

The Southeast Asia IPO market is expected to rebound in the second half of 2025 following a weaker H1 performance. Deloitte reported just 53 IPOs across major exchanges in H1, down from 64 a year earlier, citing geopolitical risks, economic headwinds, and valuation mismatches between issuers and investors.

Market observers note that several companies delayed or scaled down offerings due to weak demand. However, renewed interest in technology, fintech, and renewable energy listings is driving optimism for H2. Analysts highlight easing macroeconomic conditions, regulatory reforms, and foreign investments in digital and green sectors as catalysts for recovery.