Japan Deal Drought Cuts IPO Fundraising to Lowest in 14 Years

What happened: IPO fundraising in Japan has fallen to its lowest in 14 years, with 32 first-time offerings through the end of September, the lowest nine-month tally since 2012, per Bloomberg-compiled data. Why it matters: Bankers and investors expect private equity-backed listings, including Bain Capital-owned York Holdings and KKR-backed Logisteed, to lift the market, though Daiwa's Hiroaki Shirano said listings are unlikely to return to 100 per year.

Japan IPO fundraising hit 14-year low amid deal drought.

Japan IPO fundraising hit 14-year low amid deal drought. — impact context not separately stored; see What changed.