Amidst a market correction marked by liquidity tightening and index fluctuations, the race to raise capital within the securities sector has entered a new phase of heightened tension. After a period of relative inactivity, foreign investors are now re-emerging as key players in this competitive landscape. This resurgence signals a notable shift, particularly as the IPO trend is poised to extend its reach to foreign direct investment (FDI) enterprises, warranting close attention from market observers.