Japan deal drought cuts IPO fundraising to lowest in 14 years

What happened: Japan's IPO fundraising fell to a 14-year low, with 32 first-time offerings through the end of September, the lowest nine-month tally since 2012, per Bloomberg-compiled data. Why it matters: The drought contrasts with a dealmaking boom across the rest of Asia, where AI supply chain companies have driven activity. Some IPO hopefuls were deterred by the Tokyo Stock Exchange's plan to raise listing standards in its startup section. Coverage: 3 outlets in 24h

Japan's IPO fundraising fell to a 14-year low, with 32 first-time offerings through the end of September, the lowest nine-month tally since 2012, per Bloomberg-compiled data.

The drought contrasts with a dealmaking boom across the rest of Asia, where AI supply chain companies have driven activity. Some IPO hopefuls were deterred by the Tokyo Stock Exchange's plan to raise listing standards in its startup section.