Southeast Asia’s IPO market is expected to see a strong revival by 2026, driven by a fundamental shift in how companies are building their businesses. After a cautious phase, the market is moving away from growth-at-all-costs and toward profitability-led expansion, creating healthier conditions for public listings.
A growing share of digital and tech-enabled companies in SEA are now net profitable, with many also showing consistent year-on-year revenue growth. This improvement in financial discipline has strengthened investor confidence and laid the groundwork for a more sustainable IPO pipeline.
Certain markets and sectors are emerging as frontrunners. Indonesia stands out with a higher concentration of profitable digital companies, while fintech continues to lead in terms of maturity and readiness for public markets. Performance improvements among already listed digital companies are further reinforcing optimism across the ecosystem.
While IPO volumes dipped in the near term, the value of funds raised has increased, signalling better-quality listings. With regulatory support and stronger company fundamentals, SEA is well positioned for a robust IPO cycle heading into 2026.
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https://redseer.com/articles/sea-2026-ipo-market-powered-by-profitability/