INITIAL public offerings (IPOs) in Southeast Asia cooled in the first half and the outlook for the rest of the year appears to be cautiously optimistic, Deloitte said on Monday.
The Philippines, with just two IPOs under its belt to date — unchanged from a year earlier — still came out fourth in the region by accounting for $194 billion, or 14 percent, of the $1.4 billion raised by companies that made their public debuts during the period.
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