Asian IPOs have raised more money than American public offerings in recent years, but for the momentum to continue, valuations need to become more reasonable and the IPOs on offer need to become more varied. Concerns about lackluster returns and trade war fears could obstruct the IPO pipeline. To maintain investor enthusiasm, the Asian IPO market may need to vary the issuances on offer and increase cross-listings. The market could also benefit from continued sector diversification, with more participation from healthcare companies in the coming years.