Southeast Asia Sees IPO Flow Up

Singapore, the Philippines and Indonesia, in industries from real estate and cement to power generation, companies are looking to raise nearly $1.5 billion. They are encouraged as global markets begin to regain lost ground—the MSCI Southeast Asia Index is up 4.1% for the year—and investor risk appetite picks up, sentiment buoyed by factors that include signs of an oil-price recovery and positive U.S. economic data.