Sponsors in Asia will have to come up with more innovative ways to exit investments if they want to attract investors' capital to the region, industry players agree.
Liquidnet founder Seth Merrin says exchanges are upgrading systems to cater to high-frequency traders amid slow markets, raising the risk of glitches and potentially alienating some players.
Primary bond funds will no longer be able to boost returns by subscribing to IPOs, effectively forcing them to breach the contracts they have agreed with investors.
Singapore's GIC ranks as the most popular sovereign wealth fund among capital-seeking global companies, while secondary listings in Hong Kong are increasingly being targeted.
As new listings continue to stutter in China and Hong Kong, there are sectors with strong growth prospects, says Gigi Chan, Asia-Pacific equity fund manager at Threadneedle Investments.