More IPOs and Deals Likely in 2024 as Investors Weigh Risks Against Missing Out on Rebound

MoFo partner Lip Kian Ang was recently quoted in an article titled “More IPOs and Deals Likely in 2024 as Investors Weigh Risks Against Missing Out on Rebound,” published by The Straits Times.

The article discusses the outlook for the debt and equity markets in 2024 after the U.S. Federal Reserve announced that they are pausing interest rate hikes.

Lip Kian says that MoFo has “worked on deals in Singapore, Indonesia and Vietnam and in sectors including technology, life sciences, healthcare, industrials, infrastructure, logistics, renewables and local consumer plays” in 2023.

He expects the tech sector to continue doing well, with the volume and size of deals in this sector to maintain or increase from 2023 levels.

The artificial intelligence (AI), biotech, fintech and payments, health tech, agri-tech, and logistics sectors should continue to see sustained momentum.

Lip Kian adds that the logistics and data center sectors are likely to continue to do well across the region due to the rise of AI and the long-term trends of digitalization, as well as the growing middle class.

The start-up scene is also seeing signs of revival as investors, including family offices, are more upbeat about the outlook compared with a year ago.

Read more in this article.