Compliance key to IPO rebound

Multiple-choice questions. In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please reread the article before attempting the questions again.

What was noticeable about South-East Asia's IPO markets after they rebounded in 2025?

There were fewer IPOs and they involved larger deals

There were more IPOs and they involved smaller deals

The market returned to a similar level to its previous one

None of the other answers is correct

In 2025, roughly how much capital was raised from IPOs in the six South-East Asian markets Deloitte studied?

65 billion US dollars

7.6 billion US dollars

6.5 billion US dollars

76 billion US dollars

In the six South-East Asian markets Deloitte studied, what was the year-on-year change in total proceeds in 2025?

76 percent down

53 percent up

Proceeds remained at roughly the same level as 2024

76 percent up

Which of the following statements is true? Statement 1, a key driver in determining current average deal sizes is the growth in private equity-backed listings. Statement 2, a key driver in determining current average deal sizes is growing confidence among retail investors 

Statement 2 is correct

Both statements are correct

Statement 1 is correct

Neither statement is correct

For sponsor-owned companies, what has been a major change in IPO preparation?

Reduced focus on governance

Overhaul of operating, reporting and governance models

All the other answers are correct

Incremental cleanup ahead of an IPO

How far in advance do advisers recommend to start preparing for an IPO?

6-9 months

12-18 months

It depends on the size of the company

2-3 years

What financial metrics are investors prioritising more in IPOs?

Adjusted EBITDA

Earnings quality and cash conversion 

None of the other answers is correct

Revenue growth only 

Which of the six exchanges illustrated saw the biggest increase in the number of IPOs in 2025?

Singapore

Thailand

Indonesia

Malaysia

Which three countries collectively accounted for 70 percent of total IPO funds raised in South-East Asia in 2025?

Singapore, Malaysia and Vietnam

Singapore, Malaysia and Indonesia

Indonesia, Vietnam and Malaysia

Malaysia, Thailand and the Philippines

In South-East Asia, which sector saw the largest amount raised in IPOs?

Energy and resources

Financial services

Real estate

Technology, media and telecoms

1 unit