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Why the NYSE Sees ‘Double-Digit’ Asian IPOs Through 2017

Trading On The Floor Of The NYSE As U.S. Stocks Fluctuate While Investors Turn Focus Toward Jobs DataTrading On The Floor Of The NYSE As U.S. Stocks Fluctuate While Investors Turn Focus Toward Jobs Data
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Aug. 4, 2016. Victor J. Blue — Bloomberg via Getty Images

The New York Stock Exchange (NYSE) sees Asian technology companies driving a revival in new listings and expects double-digit IPOs through the end of 2017 from the region, the exchange’s global head of capital markets said in an interview.

New listings should start picking up pace in the next months after a slow first half of the year, said Garvis Toler, who is finishing up a trip to Asia with stops in Japan, Indonesia, Hong Kong, and mainland China.

See also: IPO Market Is Worst Since the Financial Crisis

“If that number was in the double digits in the next year and half it wouldn’t be surprising at all,” Toler told Reuters.

“I would absolutely say technology is where the greatest interest is coming from,” he added.