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Asia's IPO boom shows its dark side: 21 new billionaires experience rapid value destruction
The analysis of on-chain data reveals a paradoxical phenomenon in the Asian capital markets in 2025: while a total of 21 new billionaires have emerged through IPOs, these fortunes experienced a significant decline immediately after going public. On average, the value of their positions dropped by 23 percent compared to the listing day – despite initial share packages each exceeding 10 billion US dollars.
Regional Divergences Shape Market Dynamics
The IPO landscape in Asia shows strong regional differences. India maintains its position as a robust listing center, while Vietnam garners attention with a planned mega-IPO of the GSM company valued at 200 billion US dollars. At the same time, Thailand is under pressure, and Japan records a historic low – the number of new listings is at its lowest level in twelve years.
These divergences indicate that not all Asian markets benefit equally from the IPO wave, while the volatility of founder wealth presents a fundamental challenge to the stability of new issues.