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      "text": "IPO activity across Asia recorded modest growth in 2021 driven by continued strong liquidity and further strengthening of business confidence and deal pipeline remains strong and active amid China’s policy adjustments on numerous industries.",
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      "text": "IPO proceeds: $162bn",
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      "text": "Growth in 2021, albeit modest compared to Americas and EMEA. IPO issuances continued to increase in 2021, up to 1,108 with proceeds increasing to $162bn. IPO issuance for Hong Kong was down on 2020 with proceeds falling 25%.",
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      "text": "Strong performance outside of key markets. South Korea, India and Australia all experienced significant growth. Combined, IPO proceeds increased 214% to $44bn, contributing to 27% of Asia-Pacific, up from 12% in 2020.",
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      "text": "What to expect from 2022. IPO issuance from South Korea, India and Australia are expected to continue to trend set in 2021. Growth in China is expected to be slower than 2021.",
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      "text": "IPO activity across Asia recorded modest growth in 2021 driven by continued strong liquidity and further strengthening of business confidence and deal pipeline remains strong and active amid China’s policy adjustments on numerous industries. — Brian Choi, Capital Markets and Accounting Advisory Services Leader, PwC China; Kennedy Liu, Partner, Capital Market Services, PwC China",
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