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buy apple developer account(buyappleacc.com):Overlooked IPO markets suddenly booming as China deals slow

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,The app of Bukalapak is seen on a mobile phone next to its logo.

CHINA'S crackdown on technology companies is prompting global investors to look for new opportunities across Asia, contributing to a record jump in initial public offerings from India to South Korea that shows few signs of slowing.

Tech companies from those two countries and Southeast Asia have raised $8 billion from first-time share sales this year, already blowing past the previous annual peak. The tally is poised to get bigger with planned listings by companies including Indian fintech giant Paytm and Indonesian internet conglomerate GoTo, both of which may break local fundraising records.

Long overshadowed by their Chinese peers, this new crop of startups is coming of age just as Beijing’s clampdown puts a damper on listing and growth prospects in what had long been the region’s hottest IPO market.

The result, some bankers say, may be the start of a new era for tech listings in Asia. Investors are already boosting exposure to markets outside China, with some buying into IPOs from countries like India and Indonesia for the first time. Prospective issuers that historically benchmarked themselves against Chinese companies are now highlighting similarities to other global peers in hopes of attaining higher valuations.

"These are strong companies and stories in their own right, but the overwhelming demand has been enhanced by rotation away from China tech,” said Udhay Furtado, co-head of Asia equity capital markets at Citigroup Inc.

China’s regulatory onslaught, now in its 10th month since the shock implosion of Ant Group Co.’s IPO, has slashed valuations for the nation’s listed tech companies by nearly 40%. It has also forced many startups to pause their IPO plans after regulators announced a stricter vetting process for overseas offerings.

China and Hong Kong accounted for about 60% of Asian tech IPOs since the end of June, down from 83% in the second quarter, according to data compiled by Bloomberg. About three quarters of Chinese companies that listed overseas this year are now trading below their IPO prices.

Meanwhile, deals in smaller markets are attracting outsized demand as investors bet on increasingly internet-savvy populations, growing consumer spending and a new class of tech entrepreneurs.

PT Bukalapak.com, an Indonesian e-commerce firm, raised $1.5 billion around the end of July in the country’s largest ever IPO, far outstripping an early goal of between $300 million and $500 million.

Zomato Ltd., an Indian online food-delivery and restaurant platform, received bids worth 1.5 trillion rupees ($20.2 billion) from large funds for its anchor tranche, making it one of the most popular Indian offerings among institutional investors. The company raised $1.3 billion in July.

KakaoBank Corp., South Korea’s first internet-only lender to go public, sold $2.2 billion of new shares last month and soared more than 70% in its trading debut.

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